Matthews Korea Active ETF is trading 3.8% down today as South Korean equities and semiconductor leaders retreat following the extreme volatility of the June 8 KOSPI Black Monday circuit-breaker event.
- The fund is pressured by its heavy concentration in Samsung Electronics and SK Hynix as renewed weakness hits the Korean tech and chip sectors.
- Broader market pressure stems from a global risk-off sentiment and persistent higher-for-longer Fed interest rate concerns weighing on emerging market assets.