FLKR is trading at $54.40, down 3.2% in pre-market action following a sharp sell-off in South Korean equities.
- The Bank of Korea unexpectedly raised interest rates by 25 basis points to 2.75%, sparking a 6.6% drop in the KOSPI index.
- Major ETF holdings including Samsung Electronics and SK Hynix suffered double-digit losses, placing significant downward pressure on the fund.