🔴 EWY is trading 3.4% down today after a surprise Bank of Korea rate hike and KOSPI selloff

EWY is trading 3.4% down in pre-market following a surprise interest rate hike by the Bank of Korea and a subsequent rout in domestic equities.

• The Bank of Korea unexpectedly raised its benchmark rate by 25bp to 2.75%, triggering a broad risk-off move across Korean assets.
• The KOSPI index plunged over 6%, led by heavy losses in semiconductor giants Samsung and SK Hynix amid deteriorating global tech sentiment.
• This pre-market decline follows several days of sharp volatility as investors react to tightening monetary policy and sector-specific weakness.