MKOR is trading 4.9% up today as blowout earnings from Micron Technology restore investor confidence in the global AI and memory chip cycle.
- The move marks a significant recovery from the sharp selloff on June 23, 2026, which was triggered by volatility in the semiconductor and AI sectors.
- Micronβs strong performance has sparked a risk-on shift, specifically boosting the South Korean semiconductor heavyweights that serve as key drivers for the ETF.
- The rebound suggests a stabilization in the Korean market as concerns over the duration of the current memory cycle begin to ease.