🔴 South Korea leveraged equity ETF (KORU) is trading 2% down today as 10-year yield tops 5.1%

KORU is trading at $20.82, down 2.09%, as Treasury selling pushes the 10-year yield above 5.1%, tightening financial conditions and weighing on emerging-market equities.

• Strong U.S. PMI data reinforced expectations for further Federal Reserve tightening; higher yields and a firmer dollar pressure South Korean growth stocks.
• KORU’s leveraged structure amplifies Korea-equity weakness.
• Despite recent broader KOSPI resilience, today’s weakness appears macro-driven, not tied to a Korea-specific corporate catalyst. The move follows KORU’s 10.52% decline on September 23.