🟢 iShares MSCI South Korea ETF is trading 5.2% up today on U.S.–Iran peace deal and easing inflation fears

iShares MSCI South Korea ETF is trading 5.2% up today as investors return to Korean equities following a tentative 60-day U.S.–Iran peace agreement and the reopening of the Strait of Hormuz.

• South Korea’s Kospi surged 5.7% in response to the geopolitical de-escalation, which has driven oil prices lower and eased global inflation fears.
• The fund is benefiting from heavy weightings in large-cap tech and cyclical stocks that are highly sensitive to energy costs and shifts in global growth sentiment.