🔴 South Korea ETF (EWY) is trading 3.09% down as AI-investment concerns pressure Korean equities

EWY is trading at $151.39, down 3.09%, amid a South Korean selloff led by semiconductor stocks and concerns over AI investment sustainability and financing costs.

• The KOSPI fell 7.57% on October 15, with Samsung Electronics and SK Hynix under pressure.
• South Korean shares rebounded on October 16 but remained on course for their steepest weekly loss in 18 years. Hot U.S. inflation and higher-rate prospects pressured technology valuations, while U.S. market context reported ongoing AI-related selling.