On July 30, iShares MSCI South Korea ETF rose 5.17% in pre-market trading, trading at approximately $151.50/share, with turnover of $56.25 million.

On the news front, the Korean KOSPI index staged a rapid intraday rebound after triggering circuit breakers on two consecutive trading days with a cumulative decline of approximately 20%. JPMorgan issued a note stating that Korean leveraged ETF deleveraging has been largely completed, with hedge fund deleveraging progress reaching approximately 90%, and KOSPI valuations have fallen to a 5x price-to-earnings ratio described as a \"crisis level,\" suggesting overall allocation attractiveness has emerged. However, HSBC cautioned that retail margin balances have only declined roughly 15% from their peak and remain elevated at approximately $22 billion, arguing that deleveraging is far from over.

The prior selloff was triggered by SK Hynix reporting Q2 sales of KRW 79.32 trillion versus expectations of KRW 84 trillion, with SK Hynix and Samsung Electronics — which together account for over 50% of KOSPI weighting — plunging 17% and 10% respectively, sparking capitulation selling by retail investors.

The fund generally invests at least 80% of its assets in the component securities of its underlying index, a free float-adjusted market capitalization-weighted index designed to measure the performance of the large- and mid-capitalization segments of the Korean equity market, with primary exposure to consumer discretionary, financials, and technology companies.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)