KORU is trading 8.8% down today, extending a risk-off move as South Korean equities face pressure from a global tech retreat and heightened geopolitical uncertainty.
- Sentiment in Asian markets soured following a tech-led sell-off tied to Alphabet and Tesla results, which heavily impacted export-focused markets like South Korea.
- Renewed trade tensions are weighing on cyclical sectors following reports of potential 10%–12.5% tariffs on major economies.
- Rising energy costs, with oil surging above $100, are adding further pressure to the South Korean economy and its industrial base.