🟢 iShares MSCI South Korea ETF is trading 4.5% up today on global risk-on move and U.S.-Iran peace deal

iShares MSCI South Korea ETF is trading up 4.5% in pre-market as a tentative U.S.–Iran peace agreement and the planned reopening of the Strait of Hormuz spark a powerful global risk-on rally.

• The geopolitical breakthrough has driven oil prices lower and boosted growth-sensitive equities worldwide, with South Korea’s Kospi jumping 5.7%.
• The surge in Korea-focused equities is being supported by stronger U.S. futures and continued optimism surrounding the tech and AI sectors.