Franklin FTSE South Korea ETF is trading at $62.39 (-5.0%) amid a broad risk-off session in global markets and a significant pullback in the semiconductor sector.
- The fund is heavily exposed to South Korean technology leaders SK Hynix and Samsung Electronics, which are facing pressure as Nasdaq futures dropped 1.02% overnight.
- Investor sentiment was further dampened by Broadcom's disappointing AI-chip update, triggering a selloff across tech-heavy ETFs and South Korea-linked equities.
- The move reflects broader weakness in global technology stocks, which are leading losses following the semiconductor sector's retreat.