MKOR is trading 4% lower today as profit-taking in major Korean technology and semiconductor stocks reverses the fund's late-June rebound.
- The move follows a strong AI- and semiconductor-led rally that recently pushed MKOR to fresh highs, leaving the fund sensitive to pullbacks in growth sentiment.
- Weakness in heavyweights within the Korean chip sector is weighing on performance as investors lock in gains following the recent recovery.
- The fund remains highly reactive to shifts in global tech sentiment after its recent period of outperformance.