IDKO.L is trading 3% up today as the South Korean market rebounds from last week’s sharp selloff triggered by a surprise Bank of Korea rate hike and global technology weakness.
- Gains are primarily driven by a recovery in major semiconductor names including Samsung Electronics and SK hynix, which together represent over 45% of the index weight.
- Market sentiment is stabilizing as global demand for AI and chip-related assets improves following a period of high volatility.
- The ETF is recovering ground after being pressured by hawkish domestic monetary policy and broader macro concerns affecting the tech sector.