Why iShares MSCI Korea ETF (EWY) rose 1.71%
iShares MSCI Korea ETF (EWY) rose 1.71% on October 2, 2026 — SK's $200B US investment plan lifts Korea Tech.
What happened
The Korea ETF rose 1.7% as Trump announced a $200 billion South Korean investment commitment to US projects, lifting broad Korean exposure.
Why it moved
A large Korean capex pledge improves sentiment for Korea-linked equities by signaling bilateral trade stability and reducing tariff uncertainty; improved investor confidence in Korean companies' US market access lifts…
Why it matters
Korea Tech is experiencing a geopolitical repricing — the investment announcement is a de-risking event that validates Korean tech and conglomerate valuations against prior US-Korea trade tension.
What would break the thesis
If the pledge lacks specific timing, funding, or follow-through, or if broader US-Korea relations sour, the relief bid fades.