The iShares MSCI South Korea ETF (EWY) is showing strong bearish signals after peaking at $154.22 in February and entering a correction phase. Technical patterns, including a bearish pennant and breakdown below key weekly lows, suggest further downside risk. The critical support zone between $113.83 and $112.00, marked by the 38.2% Fibonacci retracement and the 100-day moving average, will be tested soon. A breakdown below this zone could open the path to a lower target near $100, indicating a significant weakening of the bullish trend and potential for further losses.
SK Hynix, South Korea's second most valuable company, debuted on the Nasdaq on July 10, 2026, with its shares rising about 14% on the first day. This listing allows U.S. investors direct access to the chipmaker, which supplies memory chips to major t...
The iShares MSCI South Korea ETF (EWY) has entered a bear market, largely due to its heavy concentration in Samsung and SK hynix, making it sensitive to AI hardware sector volatility. Despite recent reforms and increased index weight, South Korea's m...
