Franklin FTSE South Korea ETF is trading 7.2% down today as global investors dump semiconductor and high-valuation technology names.
- The fund is heavily impacted by its concentration in South Korean chip leaders SK Hynix and Samsung Electronics, which are facing a sector-wide pullback following disappointing AI-chip sentiment and weakness in global peers like Broadcom.
- Broader risk-off conditions and a lagging Nasdaq are amplifying downside pressure as investors rotate away from the tech sector toward value and cyclical stocks.