🔴 MKOR is trading 3.4% down today after surprise Bank of Korea rate hike and tech selloff

MKOR is trading 3.4% down today as investors react to a surprise 25bps Bank of Korea rate hike to 2.75%, which triggered a sharp selloff in rate-sensitive Korean growth and tech stocks.

• The KOSPI’s drop and heavy declines in major names like Samsung and SK Hynix are pressuring Korea-focused funds, while broader global tech weakness further dampens risk appetite.
• Markets are pricing in a more aggressive tightening path and new financial-stability measures, including restrictions affecting leveraged and tech-focused ETFs.
• This move extends a multi-day decline for MKOR, reflecting broader sector- and country-level stress rather than any ETF-specific issues.