South Korean Hot Stocks SK Hynix, Samsung Tumble as Semiconductor Selloff Spreads From Wall Street to Asia: ETFs You Should Watch

South Korean stocks tumbled Thursday as a broad semiconductor selloff spread from Wall Street to Asia, dragging the benchmark index, Korea Composite Stock Price Index, lower after heavy losses in SK Hynix Inc and Samsung Electronics Co. The selloff puts U.S.-listed South Korea-focused ETFs in focus, including the iShares MSCI South Korea ETF (NYSE: EWY ), Direxion Daily South Korea Bull 3X ETF (NYSE: KORU ) and Franklin FTSE South Korea ETF (NYSE: FLKR ). iShares MSCI South Korea ETF (NYSE: EWY ) The fund is the largest U.S.-listed fund focused on South Korean equities, providing exposure to some of the country’s biggest companies like SK Hynix and Samsung Electronics. The fund has approximately $24.85 billion in assets under management and charges an expense ratio of 0.59%. Price Action: The fund closed 8.12% lower on Wednesday at $185.50 and lost a further 8.64% in extended trading....