🔴 South Korea ETF (EWY) is trading 5.57% down in pre-market on fading AI investment confidence

EWY is trading at $150.93 (-5.57%) as fading confidence in AI investment and concern about higher rates weigh on semiconductor shares.

• Samsung Electronics and SK Hynix fell sharply, weighing on the market and EWY.
• Hotter-than-expected U.S. September CPI renewed rate concerns and pressured technology stocks.
• A broad risk-off move across Asian markets added to sector weakness.