The iShares MSCI South Korea ETF (EWY) dropped about 14% in one day, its worst since March 2020, driven by a sharp fall in Samsung Electronics and SK Hynix shares, which make up 42% of the fund. The selloff was triggered by Broadcom's cautious AI semiconductor revenue guidance and strong US payroll data, which raised fears of slower AI chip demand and higher interest rates. Additionally, the weakening Korean won added to losses for dollar-based investors. Key factors to watch include Samsung's qualification for NVIDIA's new AI platform, the Bank of Korea's monetary policy moves, and Broadcom's next earnings report, which could influence the ETF's future performance.
South Korea's KOSPI index fell sharply by about 7.25% early Monday, breaking its recent strong performance this year. The drop is linked to a 15% decline since last Tuesday, heavily influenced by major memory-chip companies Samsung and SK Hynix. The ...
Direxion Daily MSCI South Korea Bull 3X Shares (KORU) dropped about 42% on June 5, 2026, driven by a 14% fall in the underlying MSCI Korea index, which is heavily weighted in memory chip makers Samsung Electronics and SK Hynix. The sell-off followed ...
