EWY is trading at $170.15 (-7.29%) as a sharp selloff in South Korean memory-chip stocks weighs heavily on the ETF’s major holdings and the broader Korea equity complex.
- Global risk-off sentiment is adding pressure, with Nasdaq-100 futures down 1.27% and U.S. equity futures broadly weaker.
- The downward trend reinforces a broader move away from higher-beta assets as international market volatility increases.