EWY is trading at $199.60, up 3.9% in pre-market action as South Korea’s tech rout stabilizes following a sharp 10.1% decline.
- The rebound suggests bargain hunting and short-covering in oversold chip names like Samsung Electronics and SK Hynix after the KOSPI previously triggered circuit breakers.
- Investors are reassessing the severity of the AI-related correction as U.S. equity futures and global index futures show signs of stabilization.