🔴 Korea leveraged equity ETF (KORU) is trading 2.34% down on South Korean semiconductor profit-taking

KORU is trading at $20.91, with a -2.34% change as investors take profits in South Korean semiconductor heavyweights after a strong AI-led rally.

• The KOSPI fell 1.79% on August 28 as foreign and institutional investors sold approximately 2 trillion won of shares.
• Samsung Electronics and SK Hynix declined 3.38% and 4.45%, respectively, weighing heavily on KORU’s leveraged exposure.
• Nvidia’s strong August 27 outlook had lifted global technology stocks, increasing the risk of follow-on profit-taking.