🔴 Franklin FTSE South Korea ETF is trading 10.1% down today on a semiconductor-led tech selloff

Franklin FTSE South Korea ETF is trading 10.1% down today as investors dump semiconductor and high-valuation tech names, dragging the broader South Korean equity market sharply lower.

• The decline is being amplified by a global risk-off move in growth and technology shares amid rising Fed-hike expectations and higher yields.
• Weakness in U.S. semiconductor stocks is further weighing on the market, reinforcing the downside in South Korea’s chip-heavy index exposure.