KORU is trading 11% down today as the chip-led pullback in South Korean equities extends following weak global tech sentiment.
- The drop reflects continued weakness in the MSCI Korea Index and its semiconductor heavyweights amid a broader cooldown in the sector.
- Global AI and tech names remain under pressure after earnings from AMD and SpaceX highlighted rising infrastructure costs, triggering profit-taking in chip names.
- Leveraged exposure to South Korean equities is amplifying losses as the recent rally in the region's semiconductor space loses momentum.