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iShares MSCI South Korea ETF recorded $409 million in withdrawals.
BlackRock's EWY ETF saw a record $409 million in withdrawals in one day.
KEY POINTS
- These outflows occurred despite the Kospi index hitting an all-time high and surging 6%.
- The Kospi's rally is driven largely by companies tied to the artificial intelligence supply chain.
- The Kospi index has increased 75% since the start of the year.
COMPANIES
Summarized by Newsio from Bloomberg. How we summarize →