EWY is trading at $161.54, down 3.01%, as continued pressure on South Korean semiconductor shares weighs on the ETF.
- In reported October 14 trading, Samsung Electronics fell more than 7% and SK Hynix more than 10%, amid fears of Chinese semiconductor competition.
- The two chipmakers account for about 46% of EWY’s portfolio, amplifying the impact.
- Hotter-than-forecast U.S. core inflation and rising yields are additional headwinds for equities, including technology shares.