🔴 South Korea ETF (EWY) is trading 3.04% down after Samsung Electronics plunged 8.7%

EWY is trading at $172.91 (-3.04%) after Samsung Electronics plunged 8.7%.

• South Korean equities sold off sharply on August 24, with the KOSPI falling 3.12% as investors took profits in large-cap technology stocks ahead of Nvidia’s earnings.
• Samsung’s record shareholder-return plan disappointed investors, while foreign and institutional investors sold heavily.
• The concentrated decline in Korea’s semiconductor-heavy large caps is the clearest explanation for EWY’s drop.