🔴 South Korea ETF (EWY) is trading 3% down on September 1, 2026 as won weakens

EWY is trading at $175.40 (-3.02%) as U.S. risk-off trading, higher global bond yields, and Middle East tensions pressure dollar-priced Korean assets.

• The Korean won weakened while bond yields rose, adding currency drag for U.S. investors.
• Korea’s underlying market was comparatively resilient: the KOSPI ultimately gained 0.23%, supported by semiconductor strength and strong exports.
• SK Hynix and Samsung Electronics gains suggest EWY’s decline reflects ETF pricing, currency translation, and global sentiment more than a broad Korean-equity selloff.