South Korea's KOSPI index fell sharply by about 7.25% early Monday, breaking its recent strong performance this year. The drop is linked to a 15% decline since last Tuesday, heavily influenced by major memory-chip companies Samsung and SK Hynix. The sell-off was triggered by Broadcom's weak AI semiconductor revenue forecast and compounded by geopolitical tensions, including missile attacks between Iran and Israel. US futures show mixed reactions, with Nasdaq futures slightly up, but volatility is expected when US markets open, especially for tech stocks reliant on Korean memory supply like NVIDIA and Apple. The KOSPI has started to rebound, but uncertainty remains high.
The iShares MSCI South Korea ETF (EWY), focused on semiconductor hardware like Samsung and SK Hynix, has outperformed the iShares China Large-Cap ETF (FXI), which holds major Chinese tech platforms. EWY offers lower fees (0.59% vs. 0.74%) and has del...
Roundhill Investments, along with REX Shares and Tuttle Capital Management, launched the Roundhill T-REX 2X Long DRAM Daily Target ETF (RAM), a 2x leveraged fund based on the popular Roundhill Memory ETF (DRAM). This new ETF capitalizes on Micron Tec...
