🔴 KOSPI 100 ETF (237350.KS) is trading 3.47% down on October 23 after AI-related semiconductor selloff

237350.KS is trading at KRW 68,865.00, down 3.47%, as AI-related semiconductor losses amid doubts about returns on heavy AI investment weighed on South Korea’s KOSPI.

• On October 22, the KOSPI fell 3.52% as investors took profits in chipmakers after the prior session’s rally.
• Samsung Electronics dropped 4.03% and SK hynix fell 5.49%, weighing on the large-cap index.
• Oil-price gains amid Strait of Hormuz tensions added to risk aversion; the clearest reported local catalyst was the AI-related semiconductor selloff.