KORU is trading at $19.38 (+6.11%) as South Korean equities rebound from last week’s sharp selloff, with the Bank of Korea’s 25bp rate hike remaining the primary macro driver behind the move.
- The ETF is seeing significant support from a recovery in KOSPI-linked stocks, particularly semiconductors, following a period of volatile margin-driven selling.
- Broader risk appetite has firmed this morning, helping the leveraged South Korea fund extend its bounce.