🔴 EWY is trading 3.7% down today as investors lock in profits from recent AI semiconductor gains

EWY is trading 3.7% down today as investors lock in profits following a sharp rally driven by South Korea’s tech sector and record export momentum.

• Sentiment is cooling toward high-beta exporters after significant gains linked to the AI semiconductor boom.
• Broader market pressure from weaker U.S. futures is contributing to a modest risk-off move in the South Korea-focused ETF.
• The pullback follows a session of record export momentum, suggesting a temporary consolidation phase for the fund.