Franklin FTSE South Korea ETF upgraded to Buy after KOSPI rally and strong semiconductor outlook.

The Franklin FTSE South Korea ETF was upgraded from Hold to Buy following a recent surge in the KOSPI index and positive earnings reports from major semiconductor companies like SK hynix and Samsung. Despite concerns about AI-related selling pressure and high concentration in two memory firms, the ETF's valuation appears attractive with a low trailing P/E and strong earnings yield. Additional catalysts include the Bank of Korea's raised growth forecast for 2026 and a potential boost from the upcoming Corporate Value-up Program watchlist. However, investors should be cautious of the ETF's high volatility and cyclical risks, making it suitable mainly for satellite portfolio positions.

The Franklin FTSE South Korea ETF (FLKR) is currently trading at USD 54.72 on Pluang, showing a strong 1-day gain of 5.51%. All orders on Pluang are buys, indicating robust investor interest. These figures are as of Oct 29, 2026, 05:21 WIB.