🔴 KOSPI Midcap ETF (277650.KS) is trading 3.35% down due to renewed U.S.-Iran tensions

277650.KS is trading at KRW 20645.00, down 3.35%, as broad Korean equities sold off sharply on September 3, 2026.

• The KOSPI declined 3.99%, with renewed U.S.-Iran tensions pushing oil prices higher and intensifying inflation and interest-rate concerns.
• The move appears primarily global and index-level rather than company-specific; higher energy prices and bond yields pressured risk assets.
• The ETF’s diversified mid-cap exposure amplified the broader KOSPI decline.