On July 28, iShares MSCI South Korea ETF fell 5.54% in pre-market trading, trading at $152.3/share, with turnover of $20.2574 million.

On the news front, mounting skepticism over AI infrastructure spending sustainability triggered a historic selloff in Korean equities. The KOSPI index plunged 10.84% on the day, triggering circuit breakers three times. Heavyweight stocks SK Hynix fell over 14% and Samsung Electronics dropped more than 13%, with the two collectively accounting for over 50% of KOSPI weighting. Korean retail investors who had previously leveraged heavily into chip stocks via CFDs faced margin calls and forced liquidations, creating capitulation-style selling. Nvidia credit default swap costs posted a record single-day surge, signaling credit markets are pricing in risks that equities have not yet fully reflected. Korean financial regulators are now considering introducing a 20% individual investment cap on single-stock leveraged products to curb overheating.

The fund generally invests at least 80% of its assets in the component securities of its underlying index, which is 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. The fund is non-diversified.

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