🔴 Focused Region ETF (MKOR) is trading 3.9% down in pre-market after hotter-than-expected CPI revived rate fears

MKOR is trading at $53.77, down 3.92%, as September CPI came in at 3.7%, above the 3.6% forecast, reviving fears of higher-for-longer rates.

• Global technology and semiconductor shares weakened as higher-rate concerns weighed on AI-related stocks.
• South Korea’s KOSPI plunged, and Nasdaq futures fell.
• Mixed U.S. futures and scheduled PPI and Retail Sales data add uncertainty ahead of the open.