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The iShares MSCI South Korea ETF seeks to track the investment results of an index composed of South Korean equities.
Is EWY's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.
Asian stocks rallied on Wednesday as investors returned to semiconductor shares after a bruising sell-off, taking their cue from a Wall Street rebound even as Brent crude pushed further above $91 a barrel. MSCI's Asia-Pacific gauge outside Japan gained 1.2%, while South Korea's Kospi surged more than 6% and Japan's Nikkei 225 climbed 1.9%.
South Korea's benchmark index, KOSPI, has been under immense pressure in recent weeks – down over 20% from its all-time high on June 22nd. Still, analysts at Citigroup remain convinced the rout is “temporary” and South Korean stocks will recover sharply in the second half of 2026.
South Korea and Taiwan have been the world's best-performing stock markets in 2026, driven by AI-related demand for chips and memory. The iShares MSCI South Korea ETF has surged over 70% and the iShares MSCI Taiwan ETF has gained near 50%, fueled by memory makers and TSMC.
Michael Burry made a bullish call on Hong Kong over Korea. I disagree. Korea's selloff is a dip to buy, not a structural rotation out. The market's trigger: Moonshot's Kimi-K3 launched cheap and strong at coding, reviving DeepSeek-style fears that Chinese AI threatens Samsung and SK Hynix memory demand. I read it like DeepSeek in January 2025, a scare that faded. Winning is revenue per token, not token volume, and Anthropic and OpenAI take the revenue.
The ETF market saw inflows shift notably this past week, as investors funneled capital toward international valuation gaps and domestic large-cap equities. This, coupled with aggressive buying in the semiconductor sector amid a market drawdown, highlights continued investor appetite for growth despite broader market fluctuations.