KORU is trading 10.2% down today as a sharp selloff in South Korean semiconductor stocks pressures the broader market.
- Heavy declines in key holdings Samsung Electronics and SK Hynix are driving the rout, triggered by concerns over AI capex sustainability and new Chinese competition in advanced chipmaking tools.
- As a 3x leveraged ETF, KORU is experiencing outsized downside compared to relatively flat U.S. indices as investors await the upcoming Federal Reserve meeting.