🔴 Focused Region ETF (EWY) is trading 3.9% down in pre-market after South Korean equities sell off

EWY is trading at $181.42 (-3.87%) in pre-market following a sharp selloff in South Korean equities.

• The KOSPI fell 3.26% on September 14 as foreign and institutional investors sold semiconductor leaders, including Samsung Electronics and SK hynix.
• Oil above $100 amid Middle East supply-disruption risks, a weaker won, and increased expectations for a Federal Reserve rate hike are pressuring Korean risk assets and EWY.