EWY is trading at $144.50 (-4.59%) as South Korean equities face a sharp drawdown following a historic 10.84% plunge in the Kospi index.
- Heavy losses in semiconductor giants Samsung and SK Hynix triggered broad-based selling across Korean markets.
- A fragile global backdrop is weighing on risk appetite, driven by Fed-day caution, mixed U.S. futures, and escalating Middle East tensions.