The iShares Korea ETF (EWY) Dropped 14% in Its Most Brutal Session in Six Years, and It Started With Broadcom Quick Read – EWY crashed 14% on Friday, its worst single-day drop since March 2020, as Samsung and SK Hynix, its two dominant holdings at 42%, collapsed. – Broadcom’s…
6B AI guide missed the $17.2B whisper, triggering fears of capped hyperscaler demand that sent NVDA and Micron down 6% and 13%. – Three catalysts to watch: Samsung’s pending HBM3e NVIDIA qualification, Bank of Korea FX intervention, and whether Broadcom beats its $16B AI guide next quarter. – Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and iShares MSCI South Korea fund didn’t make the cut. Grab the names FREE today
If you owned iShares MSCI South Korea ETF (NYSEARCA:EWY) on Friday morning, you had a roughly $204 share by the closing bell that was worth $175.19, a roughly 14% single-day decline that, by intraday magnitude, was the fund’s worst session since the March 2020 COVID crash. A $10,000 position opened at Thursday’s close was worth somewhere near $8,590 by Friday’s. A $100,000 position lost about $14,000 in a single session.
The fund is still up 80.2% year to date and 174% over the trailing twelve months, so the drawdown is a regime-test move rather than a thesis-breaking one, and the regime is the AI memory cycle. The Two Stocks That Are the ETF EWY tracks the MSCI Korea 25/50 Index at a 0.59% expense ratio, which sounds like a diversified South Korea bet until you look under the hood. Samsung Electronics and SK Hynix together account for roughly 42% of the underlying index.