🔴 South Korea ETF (KORU) is trading 9.5% down in pre-market as AI-spending doubts drive Korean chip selloff

KORU is trading at $10.81 with a -9.46% change as AI-infrastructure spending concerns weigh on Korean chip shares.

• On October 22, South Korea’s KOSPI fell more than 3% as investors questioned AI-spending returns and took profits after the prior session’s rebound. The chip-heavy market is a key driver of KORU.
• Broader risk sentiment weakened: U.S. futures fell after mixed megacap results, while Middle East tensions pushed oil higher, reinforcing the overnight pullback in Asian shares.