FLXK.DE is trading 6.7% higher as Korean equities rebound from a recent semiconductor-led selloff, bolstered by positive global tech sentiment and cooling U.S. inflation data.
- Improved global tech sentiment follows strong U.S. mega-cap earnings, specifically from Microsoft, which has provided a lift to the broader KOSPI and Korean technology sector.
- Cooling U.S. PCE inflation data is supporting risk assets and reinforcing market expectations for potential interest rate cuts.
- These macro and sector tailwinds have lifted the broader Korea-focused ETF as the market recovers from previous volatility in the semiconductor space.