🔴 South Korea ETF (KORU) is trading 19.56% down as AI spending doubts pressure Korean chip stocks

KORU is trading at $10.38 (-19.56%) as leveraged exposure magnifies the underlying market’s decline amid doubts about AI spending returns.

• The KOSPI fell 3.48% on October 30, after dropping more than 5% intraday as technology shares sold off.
• Overnight losses in U.S. technology stocks and doubts about AI spending returns weighed on Korean semiconductor shares.
• Samsung Electronics fell 3.02% and SK hynix declined 7.08%.