IEMG is trading 10.2% down following a sharp after-hours drop triggered by a global sell-off in technology and semiconductor stocks.
- Significant weakness in key holdings across Taiwan and South Korea, coupled with concerns over high capital expenditure at TSMC, is dragging the ETF lower.
- Rising geopolitical risks and interest rate concerns are further pressuring MSCI Emerging Markets constituents, extending a multi-day pullback for the fund.