🔴 South Korea ETF (EWY) is trading 3.46% down in pre-market as AI investment fears hit chips

EWY is trading at $151.17 (-3.46%) as renewed worries about AI investment profitability and financing triggered selling in major chip shares.

• South Korea’s KOSPI fell 3.73% on October 20; Samsung Electronics fell 2.98% and SK hynix dropped 4.23%, weighing on the market.
• Wider risk aversion, including unrest in France, added pressure, while mixed U.S. futures offered little offset.