🔴 Emerging Markets ETF (EEM) is trading 3% down as Asian tech weakness weighs on broader index

EEM is trading at $61.65, down 3.03%, as technology weakness in major Asian markets, including South Korea and Taiwan, weighed on the broader index.

• Reports of damaged tankers in the Strait of Hormuz sent oil higher, amplifying inflation and risk-off concerns.
• The decline fits a broader retreat from riskier assets amid AI-spending worries and escalating Middle East tensions.