The China Internet ETF fell by over one percentage point, and the FTSE Korea ETF fell by almost eight percentage points. Both Asian country ETFs failed to hold up, with Korea falling more sharply—ETFs with high weightings in SK Hynix/Samsung are easily amplified during a semiconductor pullback🤔
Is this a signal that Asian tech stocks have peaked, or just a single day of sector rotation? I lean towards the latter; a global tech pullback wouldn't single out and punish just one region.
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