- Will South Korea ETF (EWY) hit (LOW) $152 in August?11¢
- Will South Korea ETF (EWY) hit (LOW) $150 in August?7¢
South Korea-focused EWY, which tracks the MSCI Korea 25/50 Index with roughly 50% allocation to information technology and heavy weights in Samsung Electronics and SK Hynix, has traded in a volatile range near $170–$190 in late August 2026 after touching a June high above $220. Trader sentiment centers on sustained AI-driven demand for high-bandwidth memory, evidenced by SK Hynix share buybacks and recent Kospi rebounds that have coincided with more than $6 billion in monthly ETF inflows. Macro factors include the path of U.S. Treasury yields, a weaker dollar supporting emerging-market equities, and Korean manufacturing data releases that signal production growth. Near-term resolution hinges on chipmaker earnings updates and any shifts in global hyperscaler capex, with the fund’s 0.59% expense ratio and 1.9 beta underscoring sensitivity to sector-specific and currency moves.