On September 14, iShares MSCI South Korea ETF fell 5.21% in regular trading, trading at 179.28 USD/share, with turnover of 648 million USD.
On the news front, three major AI leaders — OpenAI, Anthropic, and SpaceX AI — made a rare joint call to slow the pace of AI development, while OpenAI CEO Sam Altman confirmed the company would pause its IPO plans. The announcement sent shockwaves through AI-linked equity markets across Asia. South Korea's KOSPI index fell over 3%, with heavyweight components SK Hynix dropping nearly 6% and Samsung Electronics declining more than 3%. In Japan, SoftBank Group plunged nearly 12% and Kioxia slid over 8%, as the broader AI computing and memory chip sectors came under intense selling pressure.
Analysts noted that while the long-term AI trend remains intact, the abrupt shift in near-term expectations could disrupt valuation trajectories across computing power, hardware, and application segments of the AI supply chain.
The fund generally invests at least 80% of its assets in the component securities of its underlying index, the MSCI Korea 25/50 Index, a free float-adjusted market capitalization-weighted index designed to measure the performance of large- and mid-cap equity segments in Korea. The fund is non-diversified.
(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.)