EWY is trading 4% down today as heavy exposure to Samsung Electronics and SK Hynix leaves the fund vulnerable to the ongoing global semiconductor selloff and concerns over stretched AI valuations.

  • Investors are reassessing recent extreme gains in Korea-focused assets, leading to a sharp correction and increased foreign outflows.
  • While major U.S. indices show modest gains, the South Korean market remains under pressure due to its high sensitivity to the tech and chip sectors.