Korea Exchange data published Aug. 4 show that excluding leveraged and inverse
products, eight of the ten worst-performing domestic ETFs in July were
semiconductor-related. SOL AI Semiconductor TOP2 Plus led losses, down 38.15% in
July; ACE K Semiconductor TOP2+ fell 36.25%; SOL Semiconductor Front‑End Process
dropped 35.97%. ETFs with overseas semiconductor holdings also posted large
declines. Analysts cite sharp falls in US semiconductor stocks and growing
concern the global semiconductor cycle may have peaked as the proximate driver
of sector-wide weakness. The remaining two ETFs in the bottom ten were aerospace
plays — KODEX US Aerospace down 37.81% and TIGER US Space Technology down 35.96%
— both holding SpaceX as their largest position.
