iShares South Korea ETF Rises 8% on Ceasefire Day Amid Recovery from Iran Conflict-Induced Losses
The iShares MSCI South Korea ETF (EWY) surged over 8% on April 8, 2026, following hopes of a ceasefire in the Iran conflict, recovering from steep losses earlier in the month. The ETF had fallen to $116 from a 52-week high of $152 due to the war's impact on South Korea's energy imports and currency. The rebound highlights the ETF's sensitivity to geopolitical events and global risk appetite.
Tickers: $EWY
Topics: ETF market movement Iran war impact iShares MSCI South Korea ETF South Korea economy