We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
iShares MSCI South Korea ETF (EWY - Free Report) is probably on the radar for investors seeking momentum. The fund just hit a 52-week high and moved up 169.60% from its 52-week low price of $48.49 per share.
Are more gains in store for this ETF? Let us take a quick look at the fund and the near-term outlook on it to get a better idea of where it might be headed.
EWY in Focus
The underlying MSCI Korea 25/50 Index consists of stocks traded primarily on the Stock Market Division of the Korea Exchange. The fund has double-digit exposure to information technology (48.79%), industrials (18.58%) and financials (11.16%). The product charges 0.59% in annual fees (see: all Asia-Pacific (Developed) ETFs).
Why the Move?
South Korea has emerged as an economy to watch. KOSPI, the country’s benchmark equity index, has surged 18.44% over the past month and 71.15% over the past six months, highlighting strong momentum in the Asian market. The semiconductor sector has spearheaded the rally in South Korea’s equity market, with a powerful chip rebound driving much of the recent gains.
In a further sign of momentum, the Korea Development Institute upgraded its 2026 growth forecast to 1.9%, pointing to solid semiconductor exports supported by global AI-driven demand, according to UPI. Additionally, as per The Korea Times, Moody’s Investors Service retained South Korea’s “Aa2” credit rating with a stable outlook.
More Gains Ahead?
Currently, EWY has a Zacks ETF Rank #3 (Hold) and a Medium risk outlook. It might continue its strong performance in the near term, with a positive weighted alpha of 151.95 (as per Barchart.com), which gives cues of a further rally.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
South Korea ETF (EWY) Hits New 52-Week High
iShares MSCI South Korea ETF (EWY - Free Report) is probably on the radar for investors seeking momentum. The fund just hit a 52-week high and moved up 169.60% from its 52-week low price of $48.49 per share.
Are more gains in store for this ETF? Let us take a quick look at the fund and the near-term outlook on it to get a better idea of where it might be headed.
EWY in Focus
The underlying MSCI Korea 25/50 Index consists of stocks traded primarily on the Stock Market Division of the Korea Exchange. The fund has double-digit exposure to information technology (48.79%), industrials (18.58%) and financials (11.16%). The product charges 0.59% in annual fees (see: all Asia-Pacific (Developed) ETFs).
Why the Move?
South Korea has emerged as an economy to watch. KOSPI, the country’s benchmark equity index, has surged 18.44% over the past month and 71.15% over the past six months, highlighting strong momentum in the Asian market. The semiconductor sector has spearheaded the rally in South Korea’s equity market, with a powerful chip rebound driving much of the recent gains.
In a further sign of momentum, the Korea Development Institute upgraded its 2026 growth forecast to 1.9%, pointing to solid semiconductor exports supported by global AI-driven demand, according to UPI. Additionally, as per The Korea Times, Moody’s Investors Service retained South Korea’s “Aa2” credit rating with a stable outlook.
More Gains Ahead?
Currently, EWY has a Zacks ETF Rank #3 (Hold) and a Medium risk outlook. It might continue its strong performance in the near term, with a positive weighted alpha of 151.95 (as per Barchart.com), which gives cues of a further rally.