IDKO.L is trading at $119.80, down 9.10% today, as a sharp pullback in the semiconductor sector and broader tech futures pressure Korean equities.
- The decline follows a volatile week for global chipmakers, with risk-off sentiment reversing recent gains led by major holdings like SK Hynix.
- Weakness in Nasdaq and S&P 500 futures is weighing on growth and AI-related names, impacting the ETF's high exposure to the Korean technology sector.
- Elevated geopolitical tensions and a cautious global mood continue to drive the outsized move in the MSCI Korea 20/35 index tracker.