Samsung, SK Hynix-Heavy Semiconductor ETFs Drop 23% in July

According to Korea Exchange, semiconductor exchange-traded funds heavily weighted toward Samsung Electronics and SK Hynix fell 23% this month as of July 9. The decline exceeded losses from the broader semiconductor benchmark index during recent market volatility. The underperformance stemmed from a concentrated portfolio strategy that increased allocations to Samsung Electro-Mechanics and SK Square alongside the two major chip makers. Despite the ETF losses, market sentiment toward Samsung Electro-Mechanics and SK Square remained positive.
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