KRW Plunges to Post-Financial Crisis Low, KOSPI Crashes and Triggers Circuit Breaker! Xtrackers MSCI Korea UCITS ETF (02848.HK) Tumbles Nearly 6%

NewTimeSpace News: On March 23, South Korea's KOSPI index plummeted, prompting the Korea Exchange to trigger a circuit breaker mechanism after the index fell 5%. Programmatic trading was suspended for five minutes, while the Korean won also tumbled to its lowest level since the global financial crisis.Xtrackers MSCI Korea UCITS ETF(02848.HK) dropped nearly 6%.

Samsung Electronics and SK Hynix weighed most heavily on the index. Samsung's shares fell as much as 5.3%, while SK Hynix declined 6.5%.

According to Hong Kong Exchange data,Xtrackers MSCI Korea UCITS ETF(02848.HK) tracks the MSCI Korea 20/35 Custom Index—a "capped index" designed by MSCI to comply with EU UCITS fund regulatory requirements. While maintaining representativeness and investability across South Korea's large- and mid-cap equity market, it employs hard weight caps to mitigate single-company concentration risk. SK Hynix, Samsung Electronics, NAVER, Hyundai Motor, and Shinhan Financial are among the top ten constituents.

CITIC Securities believes that key debates surrounding the impact of Middle East conflicts will find resolution as April unfolds. Answers to these core market questions will gradually emerge throughout April. Until then, markets will remain in a narrative-driven, speculative phase, reflecting characteristics of liquidity withdrawal. U.S. Treasury yields continue their rapid ascent—the 10-year yield has surged from 3.97% at end-February to the current 4.39%, marking the highest level since last August.

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