FLKR is trading at $50.95 (-3.95%) as South Korean equities face pressure from a surprise Bank of Korea rate hike and a global semiconductor sell-off.
- The Bank of Korea unexpectedly raised interest rates by 25 bps to 2.75%, hitting rate-sensitive Korean stocks and leading to sharp declines in heavyweights like Samsung and SK Hynix.
- Broader risk-off sentiment and a global rout in the technology sector are further amplifying the ETF’s decline.