Why iShares MSCI Korea ETF (EWY) rose 2.41%
iShares MSCI Korea ETF (EWY) rose 2.41% on November 12, 2026 — Regional rally and BMW battery deals lift Korea.
What happened
The iShares MSCI Korea ETF rose 2.4% in a broad regional rally. Samsung SDI and LG Energy Solution's BMW battery-cell deals were the named driver, with the move led by the country's large tech and battery names.
Why it moved
EWY is a basket of Korean large caps, so it rises when its biggest holdings rally, and the BMW battery deals lifted the battery names in the index.
Why it matters
The Korea Tech theme spans memory, battery and industrial names, and EWY is the broadest liquid way to hold that exposure. Its moves track how global investors weight Korea's role in the AI and EV hardware cycle.
What would break the thesis
If the regional rally breaks, EWY gives back the gain with its heavy concentration in Samsung Electronics and SK Hynix.