FLKR is trading 7.9% down following a sharp pre-market drop driven by continued stress in South Korean equities and a severe global semiconductor sell-off.
- Geopolitical tensions in the Middle East and volatile oil prices are weighing heavily on export-driven markets like South Korea.
- Cautious risk sentiment ahead of the upcoming Federal Reserve meeting is further amplifying pressure on the South Korea-focused ETF.
- Macroeconomic uncertainty and the broader rout in chipmakers continue to impact the region's heavyweights.