EWY is trading at $172.46, up 3.12% from the August 11 close in pre-market trading, as South Korean semiconductor stocks rallied sharply overnight.

  • The KOSPI gained 3.68%; Samsung Electronics rose 6.68% and SK hynix 5.54%, providing primary index-level support.
  • South Korea’s August 1–10 semiconductor exports surged 155.4% year over year, signaling robust AI-related chip demand; favorable U.S. chip-stock performance reinforced the rally.
  • Broader U.S. futures were modestly higher, but the move appears primarily Korea- and semiconductor-driven rather than a broad global risk rally.