🔴 FLKR is trading 3.4% down today after a surprise Bank of Korea rate hike hits Seoul stocks

FLKR is trading at $54.37 (-3.40%) following a surprise 25 basis point rate hike by the Bank of Korea.

• The central bank raised its benchmark rate to 2.75%, triggering a sharp selloff in the KOSPI and broader South Korean equities.
• Major holdings such as Samsung Electronics are under pressure as investors reprice growth and rate-sensitive names in the region.
• FLKR, which tracks South Korean stocks, is declining in line with the broader market move rather than on fund-specific news.