iShares MSCI South Korea ETF rated Hold due to limited diversification and uncertain memory chip outlook

The iShares MSCI South Korea ETF (EWY), heavily concentrated in SK hynix and Samsung Electronics, is viewed mainly through its exposure to memory chip companies. Although EWY offers some diversification compared to direct memory chip investments, its correlation with memory chip sectors remains high, reducing its effectiveness as a hedge or a non-memory Korea play. Given the uncertain outlook for memory chips and the diminished protective cushion from diversification, the analyst rates EWY as a Hold, suggesting limited incentive to add more shares at this time.

The iShares MSCI South Korea ETF (EWY) has a market cap of $22.51 billion and traded with a volume of 11,269,181 shares as of Oct 27, 2026, 22:41 WIB on Pluang. On the same platform, EWY's price rose by 2.95% to USD 157.22, while SK Hynix, a major holding, gained 2.05% to USD 145.55. Typical hold times on Pluang are 50 days for EWY and 16 days for SK Hynix, reflecting different investor engagement levels with the ETF and its key component.