🔴 Focused Region ETF (EWY) is trading 3.28% down today as U.S.-Iran tensions fuel renewed oil-inflation concerns

EWY is trading 3.28% down as escalating U.S.-Iran military tensions near the Strait of Hormuz drive risk aversion and renewed oil-inflation concerns.

• The KOSPI dropped 1.37% on September 10; Samsung Electronics and SK Hynix fell 1.67% and 1.35%, respectively.
• Foreign investors were net sellers, while firm Treasury yields and hotter headline U.S. PPI pressured growth-oriented assets; softer core PPI limited the immediate rate shock.