EWY is trading at $173.81 (+3.93%) as South Korean chip stocks lead a powerful rebound.

  • KOSPI gained 3.68%; Samsung Electronics rose 6.68%, and SK hynix advanced 5.54%.
  • Semiconductor strength reflected renewed AI optimism and expectations of substantial shareholder-return policies from Korea’s chip leaders, with foreign and institutional buying supporting the broader index rally.
  • The move is primarily Korea-specific rather than a broad U.S. market surge. EWY’s gains extend its recent rebound after the August 4 advance and August 10 decline.