$EWY

The Korea Exchange suspended program trading on October 15, 2026, after the Kospi index fell 5.59% at open, reaching around 5,540 by midday, a 41% drop from its June 2026 peak. U.S. inflation data, higher than expected, triggered the decline. The iShares MSCI South Korea ETF (EWY) fell 2.90% after hours. Foreign selling, concentrated in Samsung Electronics and SK hynix, contributed to the downturn.

The iShares MSCI South Korea ETF (EWY) fell 4.02% to $159.83, nearing its 200-day moving average of $159.63. The drop is attributed to pressure on South Korean tech stocks and AI valuation concerns. EWY's GF Value™ suggests it is 87.6% overvalued, while its GF Score™ is 85/100, indicating strong fundamentals but weak valuation.

SK hynix is reported to be on track for its worst month since June 2002, with July down 47%. The company’s second-quarter operating profit was 60.54 trillion won (about $41.9 billion) on a 76% margin, and it missed analyst estimates. The iShares MSCI South Korea ETF (EWY) closed Tuesday 31% below its 52-week high.

South Korea regulators tripled the cash margin deposit for leveraged single-stock ETFs to 30 million won (about $20,300) from 10 million won, requiring cash rather than allowing up to 70% to be covered with existing stocks or bonds. They also paused new listings, limited advertising, and raised the minimum order size. iShares MSCI South Korea ETF (EWY) fell 21.7% in four weeks. SK hynix ADRs began Nasdaq trading July 10 after a $26.5B listing and saw sharp daily swings.