iShares MSCI South Korea ETF is trading 5.5% higher today as South Korean technology and semiconductor stocks rebound following news of expanded AI partnerships with Nvidia.
- Nvidia is reportedly expanding its AI infrastructure footprint in South Korea, launching large-scale cloud and data-center projects in collaboration with SK Telecom and Naver.
- The news has significantly boosted sentiment for Korean AI and semiconductor firms, which represent a major portion of the index exposure for the ETF.
- The pre-market gains follow a sharp selloff last week, with futures now pointing to a broader recovery in Korea’s tech-heavy market.