🔴 KORU is trading 10.6% down today following a Bank of Korea rate hike and tech sector selloff

KORU is trading 10.6% down today following a surprise Bank of Korea rate hike and a sharp 6.6% plunge in the KOSPI index.

• The selloff was driven by heavy losses in major semiconductor components, specifically Samsung Electronics and SK Hynix.
• As a 3x leveraged ETF, KORU is magnifying the risk-off sentiment triggered by TSMC’s capex-driven sector selloff.
• The decline reflects ongoing stress in South Korean equities as the market adjusts to unexpected monetary tightening.