VDPG.L is trading 4.1% down as Asia-Pacific developed markets ex-Japan retreat on broad risk-off sentiment tied to geopolitical instability and a correction in growth stocks.
- Semiconductor and tech-related profit-taking is driving investors out of regional growth equities, pulling the FTSE Developed Asia Pacific ex Japan index sharply lower.
- Macroeconomic pressures, including higher oil prices and elevated yields, are compounding the downward pressure on the ETF.
- The retreat reflects a wider risk-off mood across developed Asian markets outside of Japan as valuations undergo a shakeout.