iShares Korea ETF (EWY) Falls 14%, Worst Drop in Six Years Amid Samsung, SK Hynix Declines
The iShares MSCI South Korea Capped ETF (EWY) fell nearly 14% on June 5, marking its worst single-day drop since March 2020. The decline was driven by sharp losses in major holdings Samsung and SK Hynix amid concerns over AI demand after Broadcom missed revenue expectations.
Topics: AI demand Broadcom ETF Samsung SK Hynix South Korea market crash