Korea Space ETFs Post Worst Performance in Week as SpaceX Plunges 39% From Peak

According to Seoul Economic Daily, Korean space-focused ETFs tracking SpaceX posted the worst performance among 830 equity ETFs during the week of July 10-15, with KODEX U.S. Aerospace declining 8.91% to rank 828th. Six space ETFs combined saw net outflows of 66.2 billion Korean won, as SpaceX fell to 136.08 dollars by July 14, down 39.69% from its peak of 225.64 dollars reached shortly after its June 12 Nasdaq debut at 135 dollars.

Domestic investors' buying enthusiasm cooled significantly, with average daily net purchases dropping 94.5% from 157.76 million dollars in June to 8.7 million dollars as of July 14, falling to 9th place among foreign stocks.