🔴 Emerging Markets ETF (AVEM) is trading 3% down on October 22 as Asian stocks fell

AVEM is trading at $87.12 (-3.02%) amid broad regional and geopolitical pressure.

• Asian benchmarks fell, including South Korea’s KOSPI and Hong Kong’s Hang Seng; chipmakers also sold off amid AI-spending concerns.
• Reports of damaged tankers in the Strait of Hormuz lifted oil prices and heightened supply and inflation worries, adding to risk aversion.