Franklin FTSE South Korea ETF is trading sharply higher in pre-market action, gaining 3.7% to $65.84 as global markets shift to a risk-on stance following a major geopolitical breakthrough.
- U.S. index futures are trending materially higher after a tentative U.S.–Iran peace agreement and the reopening of the Strait of Hormuz.
- Falling crude oil prices are easing global inflation concerns, providing broad support for international equities and export-heavy regions.
- The current price reflects a significant jump from the June 12 closing price of $63.49.