Summary
KOSPI rebounds as chip stocks recover while Nikkei 225 slides on bond shock
Asian stocks came under pressure on Tuesday as another surge in global bond yields collided with higher oil prices, leaving Japan's Nikkei 225 and South Korea's KOSPI navigating a difficult mix of inflation and interest-rate risks. The Nikkei fell about 1% to 65,647 in morning trading as semiconductor shares retreated, while the KOSPI recovered sharply from an opening loss of more than 1% to trade just 0.2% lower around 6,809 by late morning.
Kospi Index at a crossroads as Samsung, SK Hynix leverage bets reverse
The Kospi Index has come under intense pressure in the past few months as top constituents like Samsung Electronics and SK Hynix lost momentum and as wary South Koreans pare back their leveraged bets. It dropped to 6,788 on Friday, down by 27% from its highest point this year.
Strength in South Korean stocks and memory chipmakers to continue, says David Riedel
David Riedel of Riedel Research Group remains bullish on South Korean memory chipmakers, which he describes as “the holders of the keys” to continued AI growth. He also explains why South Korean high-voltage equipment manufacturers are his highest-conviction investment call.
iShares MSCI South Korea ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TJD Thomas John Drogan PR Inc.IPAL SECURITIES Inc. | 14,746 | $2.84M | $2.32M | -$524,182.89 | -18.45% |
 Timothy M. Bidwell Hazlett, BURT & WATSON Inc. | 10 | $2,019 | $1,571 | -$448 | -22.19% |
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 14,975 | $3.02M | $2.49M | -$536,353.31 | -17.74% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 11,831 | $2.31M | $1.98M | -$335,745.73 | -14.51% |
 Marvin & Palmer Marvin & Palmer Associates Inc. | 16,480 | $3.33M | $2.74M | -$590,972.92 | -17.76% |
iShares MSCI South Korea ETF (EWY) FAQ
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iShares MSCI South Korea ETF Profile
| ARCA Exchange | US Country |
Overview
The company is an investment fund that focuses on tracking the equity market performance in Korea. It aligns its investment strategy by committing at least 80% of its assets to securities that are part of its underlying index or those investments that closely resemble the economic characteristics of its index components. The underlying index is a free float-adjusted, market capitalization-weighted index which encompasses the large- and mid-cap segments of the Korean equity market. Unlike diversified funds, this fund maintains a non-diversified stance, directing its investments towards a specific segment of the market to mirror the performance of its chosen index.
Products and Services
- Equity Market Exposure in Korea
This product offers investors exposure to the large- and mid-cap segments of the Korean equity market. It is designed for those looking to invest in a fund that closely follows the economic characteristics and performance of the Korean equity market's significant components.
- Market Capitalization-Weighted Index Tracking
The fund's investment strategy involves tracking a free float-adjusted, market capitalization-weighted index. This method ensures that the fund's investments are proportionally aligned with the market values of the index's components, providing a representation of the market's overall performance.
- Non-Diversified Fund Strategy
As a non-diversified fund, this investment focuses on a specific segment of the market rather than spreading investments across various sectors. This strategy offers investors a targeted investment approach, aiming to replicate the performance of the underlying index that measures the large- and mid-cap segments of the Korean equity market.
