A top South Korean official has proposed a tax on AI profits to be redistributed among society as a semiconductor boom drives massive earnings for tech giants Samsung Electronics and SK hynix.
Despite a downward trend for several weeks at the beginning of the year, in spring 2026 the S&P 500 has once again shot upward, achieving fresh new all-time highs in the process. Still, even the most bullish investors may be wondering how long the trend can continue, given the prolonged war in Iran and its impacts on the global oil market—not to mention preexisting factors like inflation, aggressive interest rate hikes, and more.
Memory chip makers used to be cyclical and risky to enter after explosive upside runs.
South Korea's exports continued to surge in April, led by semiconductor shipments, suggesting the trade-dependent economy remains resilient despite risks from the Middle East conflict.
The primary factors behind the strength of the Korean market is the boom in the market for high-end memory chips used by AI developers
EWY hits a 52-week high, soaring 183% from its low as South Korea's chip-driven market rally boosts momentum and signals potential near-term upside.
The inverse relationship between oil prices and stock prices broke today.
South Korea ETFs like EWY rally as KOSPI hits record highs, fueled by AI-driven semiconductor demand and strong foreign inflows.
South Korea ETFs at a crossroads -- chip-led rebound meets geopolitical risk as AI optimism clashes with Iran war uncertainty.
It isn't just oil prices. Korean stocks depend as much on global sentiment around artificial intelligence.The country is home to two of the top three memory-chip producers.
Korea (KOSPI/EWY) presents a compelling asymmetric opportunity as the energy shocks and leverage unwind reverse, stabilizing risk assets. Temporary de-escalation in the Iran conflict has eased oil prices, improving Korea's margins, currency, and market sentiment. Korea's core AI supply chain exposure — via companies like Samsung Electronics and SK hynix — positions it to benefit from the unfolding AI Capex cycle.
Bearish signals intensify for EWY as momentum weakens, putting key support zones at risk while a breakdown could open the door to deeper corrective downside.