🔴 IDKO.L is trading 5.2% down today after a surprise South Korean rate hike and KOSPI selloff

IDKO.L is trading at $113.30 (-5.16%) after a surprise Bank of Korea rate hike sparked a sharp risk-off move and a plunge in the KOSPI index.

• The Bank of Korea raised rates by 25 bps on July 16, leading to a 6.6% drop in the KOSPI and pressuring Korea-focused assets.
• Major holdings including Samsung Electronics and SK Hynix fell sharply amid broader semiconductor weakness and global risk aversion.