FLKR is trading at $57.73, down 3.16% from the August 31 close of $59.62 amid global risk aversion after renewed U.S.-Iran hostilities around the Strait of Hormuz lifted oil prices and Treasury yields.
- Japan’s 10-year yield reached 3%.
- South Korean equities were modestly higher, supported by semiconductor gains.
- The won weakened against the dollar, reducing the U.S.-dollar value of FLKR’s Korean holdings.