On September 14, iShares MSCI South Korea ETF fell 5.03% in pre-market trading, trading at $179.04/share, with turnover of approximately $150 million.

On the news front, OpenAI, Anthropic, and SpaceX AI — three major AI leaders — issued a rare joint call to slow the pace of artificial intelligence development, rattling markets heavily exposed to the AI supply chain. OpenAI CEO Sam Altman also confirmed the company has shelved its IPO plans. The announcement triggered a broad sell-off in Korean equities, with the KOSPI Index plunging over 3%. Heavyweight memory chip makers SK Hynix fell nearly 6% and Samsung Electronics dropped over 3%, as both are core beneficiaries of AI-driven demand for storage and compute hardware. Leveraged ETFs tracking these names saw even steeper losses, with an SK Hynix 2x product tumbling over 13%. Analysts noted that while the long-term AI trend remains intact, near-term expectation shifts could significantly reset valuations across the hardware and infrastructure value chain. Notably, the Korean stock exchange also launched after-hours trading on the same day, adding a new layer of liquidity dynamics.

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 the performance of the large- and mid-cap segments of the Korean equity market.

(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.)