🔴 Korea leveraged equity ETF (KORU) is trading 2.38% down in pre-market on AI and semiconductor profit-taking

KORU is trading at $20.90, down 2.38% pre-market as South Korean equities reversed lower on AI and semiconductor profit-taking.

• The KOSPI fell as much as roughly 1.16% on August 28, with foreign and institutional investors selling technology heavyweights despite the prior Nvidia-led U.S. rally.
• The decline appears driven primarily by profit-taking ahead of Federal Reserve Chair Warsh’s Jackson Hole speech, while slightly weaker Nasdaq futures added pressure.