KORU is trading at $17.19 (+2.26%), most likely reflecting a technical rebound and position adjustment after South Korean equities and semiconductor stocks suffered a severe August 6 selloff.

  • The KOSPI initially opened 1.09% higher on August 7 before foreign selling and renewed Hormuz tensions reversed the move.
  • Investors awaited U.S. payrolls data as rising oil prices linked to Strait of Hormuz restrictions and concerns about AI-related semiconductor spending limited confidence in a sustained recovery.