---
symbol: "EWY"
name: "iShares MSCI Korea ETF"
date: 2026-09-26
change_pct: 1.793795321956268
direction: "up"
event_type: "theme_sympathy"
url: "https://perplo.app/why/EWY/2026-09-26"
updated_at: 2026-09-26T01:06:41.355Z
---

# Why iShares MSCI Korea ETF (EWY) rose 1.79% on September 26, 2026

iShares MSCI Korea ETF (EWY) rose 1.79% on September 26, 2026 — SK Hynix Solidigm IPO lifts Korea Tech.

## What happened

SK Hynix's Solidigm unit is weighing an IPO valued at up to $150 billion, driving a Korea Tech rally that lifted the iShares MSCI Korea ETF 1.8%.

## Why it moved

A landmark Solidigm IPO would validate Korean semiconductor strength and signal robust AI-era demand for memory and storage.

## Why it matters

Korea Tech is repricing higher on the back of a memory/storage supercycle narrative — the Solidigm IPO is the headline catalyst, but the move reflects deeper conviction that Korean chipmakers will be primary…

## What would break the thesis

EWY's performance is tied to the fate of the Solidigm IPO and broader Korea sentiment. If the deal is delayed or downvalued, or if macro headwinds (currency weakness, geopolitical tension, slower cloud capex) resurface,…

## Sources

- [Exclusive-SK Hynix’s Solidigm weighs IPO that could value the unit at up to $150 billion, sources say](https://www.investing.com/news/stock-market-news/exclusivesk-hynixs-solidigm-weighs-ipo-that-could-value-theunit-at-up-to-150-billion-sources-say-4917883) — Investing.com

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