🔴 Korea leveraged equity ETF (KORU) is trading 2.53% down in pre-market as Brent rises above $91

KORU is trading at $20.43 (-2.53%) as renewed U.S.-Iran conflict has pushed Brent crude above $91 per barrel, worsening global risk sentiment.

• U.S. equity futures are lower and Treasury yields have risen.
• South Korea reported exceptionally strong August exports, with semiconductor exports up 209%; the KOSPI gained 0.23%, while Samsung Electronics and SK hynix finished higher.
• The decline appears macro-driven rather than Korea-specific; KORU’s leveraged structure can amplify overnight changes in Korea-related exposure and broader risk appetite.