🔴 South Korea ETF (FLKR) is trading 3.24% down in pre-market as CXMT progress stokes chip rivalry

FLKR is trading at $54.22, down 3.24%, as chip losses and renewed competition concerns pressure South Korean equities.

• South Korea’s KOSPI fell more than 7%, with chip shares slumping and heavy foreign selling adding pressure.
• Investors reacted to reported progress in Chinese chipmaker CXMT’s memory technology, renewing competition concerns for Samsung Electronics and SK Hynix.
• Overnight weakness in U.S. semiconductor stocks and AI valuation concerns compounded the selloff; pre-market volume data was unavailable.