KORU is trading 10.4% down today as investors dump high-beta Asian tech exposure following weak U.S. earnings reactions and new trade policy shifts.
- A tech-led risk-off move sparked by disappointing market reactions to Alphabet and Tesla earnings is pressuring the semiconductor and internet sectors that dominate South Korea’s market.
- Sentiment is further dampened by newly announced broad U.S. tariffs on major trading partners, raising significant concerns regarding export demand for Korean manufacturers and chipmakers.