---
symbol: "EWY"
name: "iShares MSCI Korea ETF"
date: 2026-11-05
change_pct: -13.39937434827946
direction: "down"
event_type: "theme_sympathy"
url: "https://perplo.app/why/EWY/2026-11-05"
updated_at: 2026-11-05T22:07:28.629Z
---

# Why iShares MSCI Korea ETF (EWY) fell 13.40% on November 5, 2026

iShares MSCI Korea ETF (EWY) fell 13.40% on November 5, 2026 — Korea tech rout drags Korea ETF lower.

## What happened

EWY, the iShares MSCI Korea ETF, fell 13.4% as a post-election tech rout hit Korean equities. The sell-off was led by Samsung and SK Hynix, which dropped about 17% and 16% respectively.

## Why it moved

EWY is a basket of Korean stocks, so its move reflects the weighting of its largest tech holdings. The ETF fell with the group because its largest holdings sold off together on the same AI-regulation and data-center…

## Why it matters

EWY is a broad read on the Korea Tech theme, where the HBM and DRAM upcycle lifted Samsung and SK Hynix. Its direction tracks the memory majors, so the theme's AI cycle drives the ETF more than any other factor.

## What would break the thesis

If the memory names rebound and AI concerns fade, the ETF should recover. Watch for signs that Samsung and SK Hynix are stabilizing and whether the broader market selloff continues.

## Sources

- [TECH STOCKS PLUNGE AS POST-ELECTION AI CONCERNS SPARK BROAD MARKET SELLOFF – US MARKET WRAP](https://t.me/marketfeed/1072073) — MarketFeed
- [NORTH KOREA TEST-FIRED A NEWLY DESIGNED ADVANCED AIR-DEFENCE MISSILE SYSTEM - KCNA](https://t.me/marketfeed/1071190) — MarketFeed
- [NORTH KOREA LAUNCHES AN UNIDENTIFIED PROJECTILE TOWARD THE SEA OFF ITS EAST COAST, ACCORDING TO SOUTH KOREA'S DEFENCE MINISTRY.](https://t.me/marketfeed/1070491) — MarketFeed

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