On July 6, iShares MSCI South Korea ETF rose 6.47% overnight, trading at 193.47 USD/share, with turnover of 51.4885 million USD.

On the news front, South Korea officially launched round-the-clock KRW/USD spot trading on July 6, with trading running continuously from Monday 6:00 AM through Saturday 6:00 AM. This is widely regarded as the most fundamental foreign exchange reform since 1997, ending decades of strict post-Asian-financial-crisis capital controls. The move is designed to enhance capital market international competitiveness and advance Korea's bid for MSCI developed market status, which has long been blocked by limited won convertibility in offshore markets.

The policy launch coincided with a V-shaped rebound in Korean equities following sharp prior declines — the KOSPI had triggered circuit breakers twice in the preceding week and foreign investors had net sold approximately 95 billion USD year-to-date. Multiple positive catalysts resonated to drive sentiment recovery. The Bank of Korea stated it will closely monitor the impact and trajectory of 24-hour won trading.

The fund generally invests at least 80% of its assets in the component securities of the MSCI Korea Index, a free float-adjusted market capitalization-weighted index designed to measure large- and mid-cap Korean equity performance.

(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.)