🔴 Focused Region ETF (EWY) is trading 4.44% down in pre-market after South Korean stocks reversed sharply

EWY is trading at $176.88 (-4.44%) after South Korea’s KOSPI reversed from an early semiconductor-led rally and closed 1.55% lower on August 18.

• Heavy institutional selling and profit-taking overwhelmed gains in Samsung Electronics and SK hynix.
• Rising U.S. Treasury yields added pressure to risk assets, while the Korean won strengthened modestly, providing limited offset.