🔴 KOSPI 100 ETF (237350.KS) is trading 6.47% down as Chinese memory-chip competition weighs on Korean chipmakers

237350.KS is trading at KRW 75,960, down 6.47%, as Chinese memory-chip competition intensified concerns about Korean chipmakers’ earnings.

• On October 13, those concerns weighed on the KOSPI, with Samsung Electronics and SK hynix among the hardest hit.
• Middle East tensions and higher oil prices added risk and inflation concerns, further pressuring growth stocks.
• Broad index and sector pressures are the clearest explanation for the ETF’s decline; available reporting specifically documents October 13 market action.