Why iShares MSCI Korea ETF (EWY) rose 2.22%
iShares MSCI Korea ETF (EWY) rose 2.22% on September 25, 2026 — Korea Tech surge powers ETF higher.
What happened
The iShares MSCI Korea ETF rose as Korea Tech rallied on SK Hynix's Solidigm IPO exploration at a $150 billion valuation, lifting the broad Korean equity index through large-cap semiconductor exposure.
Why it moved
EWY's heavy weighting to Samsung and SK Hynix means it captures semiconductor and memory upside directly; positive sentiment from Solidigm's high potential valuation flows through the entire Korean large-cap basket.
Why it matters
Korea Tech supercycle momentum is now priced into the ETF; Solidigm's IPO validates structural demand for AI and enterprise storage, bolstering the case for sustained Korean tech outperformance.
What would break the thesis
If the IPO stalls or global tech sentiment deteriorates, the ETF's leverage to Korean semiconductors becomes a downside amplifier.