FLKR is trading at $55.89 (-6.91%) as broad South Korean equity weakness and a semiconductor rout pull the fund lower.
- Major holdings Samsung Electronics and SK Hynix have sold off sharply, pressuring Korea-weighted funds following a global chip sector slump.
- Heightened Middle East tensions and a wider risk-off tone are amplifying the downward move in South Korean equities.
- The decline is consistent with the broader KOSPI performance and follows valuation pressure after a strong recent rally.