EWY is trading at $163.55, up +3.87%, as SK hynix reported record third-quarter earnings fueled by strong AI-memory demand.
- SK hynix’s shareholder-return program added to investor optimism.
- The KOSPI rose 6.63%, led by chipmakers Samsung and SK hynix; both rallied and together represented about 44% of EWY’s holdings in the latest available data.
- The catalyst is concentrated in South Korean technology stocks, not a comparable broad U.S. market rally.