---
symbol: "EWY"
name: "iShares MSCI Korea ETF"
date: 2026-08-13
change_pct: 5.111005579959625
direction: "up"
event_type: "sector_sympathy"
url: "https://perplo.app/why/EWY/2026-08-13"
updated_at: 2026-08-13T01:06:48.964Z
---

# Why iShares MSCI Korea ETF (EWY) rose 5.11% on August 13, 2026

iShares MSCI Korea ETF (EWY) rose 5.11% on August 13, 2026 — Tankan hits 13-yr high on chip boom, lifts Korea.

## What happened

Reuters Tankan manufacturing index hit its highest since March on chip boom, sparking a broad rally in Korean equities that the iShares Korea ETF captures.

## Why it moved

EWY holds Korean large-caps, which are disproportionately exposed to semiconductor and tech earnings; the Tankan signal of durable chip demand lifts the entire index.

## Why it matters

Korea Tech is a core beneficiary of the AI supercycle — manufacturing strength validates ongoing capex in memory and semiconductors, the region's largest export pillar.

## What would break the thesis

Broader market volatility or a sharp slowdown in global capex could reverse the regional momentum despite fundamental support.

## Sources

- [Reuters Tankan hits highest manufacturing reading since March on chip boom](https://investinglive.com/news/reuters-tankan-hits-highest-manufacturing-reading-since-march-on-chip-boom/) — ForexLive
- [Mirae Asset profit eclipses 3 of Korea’s big 4 banking groups](https://www.koreaherald.com/article/10839040) — Korea Herald
- [Stock rout shakes confidence, not Korea’s fundamentals](https://www.koreaherald.com/article/10837841) — Korea Herald

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