Following President Trump's remarks, South Korea's benchmark KOSPI plummeted sharply, while Xtrackers MSCI Korea UCITS ETF (02848.HK) tumbled over 5% in afternoon trading.

NewTimeSpace News:Following President Trump's address, South Korea's KOSPI plunged sharply, falling over 3.8% at its worst point, while major chipmakers Samsung Electronics and SK Hynix both dropped more than 4%. In contrast,Xtrackers MSCI Korea UCITS ETF(02848.HK)—the ETF tracking Korean equities—surged over 5% at the open.

According to Iranian sources on April 2 (local time), minutes after Trump claimed to have destroyed Iran's missile and defense systems, Tehran launched missiles toward northern Israel. In the wake of Trump's remarks, multiple institutions reiterated that heightened uncertainty has prompted markets to rotate back into defensive positioning, particularly with a long weekend approaching.

Exchange data showsXtrackers 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 regulations. The index maintains representation and investability across South Korea's large- and mid-cap markets while mitigating single-company risk through hard weight caps. SK Hynix, Samsung Electronics, NAVER, Hyundai Motor, and Shinhan Financial are among its top ten constituents.

Rob Subbaraman, head of global markets research at Nomura, noted that Trump indicated the U.S. would launch "extremely fierce" strikes against Iran within the next two to three weeks, but offered no concrete plan for reopening the Strait of Hormuz. "Trump's speech failed to provide the clear de-escalation signal markets were hoping for," Subbaraman said. He warned that Asian currencies could weaken against the dollar, and if volatility accelerates too rapidly, central banks may step up intervention—a development that could exert upward pressure on government bond yields.

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