🔴 Korea ETF (FLXK.DE) is trading 3% down as higher yields and chip valuations weighed

FLXK.DE is trading at €89.54, down 3.01%, as higher yields and chip-sector valuation concerns weighed on Korean equities.

• South Korea’s KOSPI fell 1.98% on October 7, led lower by technology shares. Foreign and institutional investors were net sellers as markets awaited Samsung Electronics’ preliminary earnings report.
• Weakness in Samsung Electronics and SK hynix added pressure, alongside investor caution ahead of results.