---
symbol: "EWY"
name: "iShares MSCI Korea ETF"
date: 2026-10-03
change_pct: 2.385931049273506
direction: "up"
event_type: "m&a"
url: "https://perplo.app/why/EWY/2026-10-03"
updated_at: 2026-10-03T01:06:27.535Z
---

# Why iShares MSCI Korea ETF (EWY) rose 2.39% on October 3, 2026

iShares MSCI Korea ETF (EWY) rose 2.39% on October 3, 2026 — Korea Investment Securities 400B won SK stake buy.

## What happened

Korea Investment Securities announced a 400 billion won stake purchase in SK Corp., lifting broad-based Korean large-cap sentiment; the Korea ETF rose in line with the peer median (4.5%), signaling a structural bid…

## Why it moved

Domestic institutional buying of a major conglomerate improves flow dynamics and valuation confidence in the Korea index; the stake purchase removes overhang and suggests capital is returning to blue-chips, a tailwind…

## Why it matters

The Korea Tech theme is underpinned by cheap valuations on semiconductors, software, and industrial names; institutional redeployment into SK—a 20% KOSPI weighting—signals confidence that the Korean market is a buy, not…

## What would break the thesis

If the purchase is a one-off capital management move unaccompanied by broader reallocation, momentum could fade; also monitor whether macroeconomic headwinds (won weakness, rate hikes) reverse the inbound flow.

## Sources

- [Korea Investment Securities to buy 400 billion won worth of SK shares](https://www.koreaherald.com/article/10892308) — Korea Herald
- [LG to build US chiller plant as AI cooling demand grows](https://www.koreaherald.com/article/10890255) — Korea Herald

---

Trade EWY perpetual futures 24/7 onchain: https://perplo.app/asset/EWY