🔴 KORU is trading 3.38% down today after South Korea rate hike and tech selloff

KORU is trading at $18.02 (-3.38%) as South Korean equities slide following a Bank of Korea rate hike and a sharp decline in the KOSPI.

• The KOSPI fell 6.6%, with heavy selling in Samsung Electronics and SK Hynix hitting the ETF’s leveraged exposure to the tech-heavy market.
• Weak U.S. risk sentiment is adding further pressure to semiconductor and growth stocks, reinforcing the broader decline in Korean equities.