MKOR is trading at $58.56 (up 4.71%) as a broad recovery in the semiconductor and artificial intelligence sectors drives gains for the Korea-focused ETF.
- The rally follows a significant selloff last week, with investors returning to chipmaker names amid improving sentiment for the broader technology sector.
- Market participants are positioning ahead of major U.S. technology earnings reports, which are expected to provide further catalysts for global AI demand.
- While Middle East tensions and rising oil prices remain a secondary backdrop, the primary driver is the technical and fundamental rebound in high-growth tech stocks.