IDKO.L is trading at $130.79 (-4.8%) following a sharp selloff in Korean equities and soft semiconductor sentiment impacting major index constituents.
- The decline tracks the MSCI Korea 20/35 index, which faced pressure from overnight weakness in Nasdaq-100 futures and a downturn in large-cap exporters and chip names.
- The move appears to be driven by index-level Korea risk-off flows rather than fund-specific catalysts, as broader markets remained mixed to weaker in overnight trading.