EWY is trading at $165.58, up 3.33% in pre-market, partially reversing recent steep losses tied to South Korea’s tech-led selloff.
- The move follows an early rebound attempt in the KOSPI driven by overnight U.S. tech strength and bargain hunting.
- Local chip giants Samsung Electronics and SK Hynix remain volatile, having quickly surrendered intraday gains to drag the index lower.
- EWY appears to be reacting to an improved global risk appetite despite the ongoing volatility in the semiconductor sector.