🔴 SK Telecom is trading 4.4% down today following BOK rate hike and KOSPI plunge

SK Telecom is trading 4.4% down at $30.27 following a surprise rate hike by the Bank of Korea and a broader risk-off move in Korean equities.

• The KOSPI index plunged 6.6% as heavy selling in major technology names pressured sentiment across the Korean telecom and AI-linked sectors.
• The downturn comes despite a recent JP Morgan upgrade that highlighted the company's significant AI growth potential.