🔴 VDPG.L is trading 3.2% down today on Bank of Korea rate hike and KOSPI plunge

VDPG.L is trading 3.2% down today as Asian equities sell off following a surprise interest rate hike from the Bank of Korea and a subsequent plunge in the KOSPI index.

• The Bank of Korea’s unexpected policy tightening has triggered a sharp sell-off in South Korean equities and semiconductor names, which heavily weight the index.
• Global weakness in chipmakers is being exacerbated by escalating Middle East tensions and higher oil prices, dragging the broader Asia Pacific ex Japan basket lower.
• VDPG.L, which tracks the FTSE Developed Asia Pacific ex Japan index, remains under pressure as regional volatility impacts major tech constituents.