🟢 South Korea ETF (KORU) is trading 3.04% up as Korean chip shares rebounded

KORU is trading at $10.50, up 3.04%, in a rebound after its 14.66% drop on October 22.

• South Korea’s KOSPI opened October 23 down 2.36% amid overnight U.S. technology and semiconductor losses.
• Korean chip shares later rebounded, with bargain hunting helping the KOSPI recover; that reversal likely supported KORU’s leveraged move.
• Persistent AI-spending concerns and geopolitical risk kept the backdrop volatile.