EWY Stock Recent News

It's the new president's tax proposals that upset the market, not the 15% U.S. tariffs

South Korea's exports rose for the second straight month in July, beating market expectations on strong chip demand and shipments being moved forward ahead of higher U.S. tariffs, which are expected to weigh in the second half of the year.

General Motors is a big beneficiary of lower import tariffs on South Korea. The U.S. auto maker builds cars there.

This is a developing story. Check back for updates.

“I am pleased to announce that the United States of America has agreed to a Full and Complete Trade Deal with the Republic of Korea,” Trump, 79, wrote on Truth Social.

The pickup in Asia's fourth-largest economy was largely driven by resilient exports and policy support.

Tim Seymour, Seymour Asset Management CIO, joins 'Power Lunch' to discuss the world's equity performance, if it's a one-year phenomenon and much more.

While there has been decent semiconductor performance, the gains in EWY have come primarily from the exceptional year for the Won and corporate governance reform. Korea has lots of highly discounted, overcapitalised stocks on its market, and changes to the dividend tax code, as well as other mandated changes, are closing the discount. The discount on single stocks is still very present, and it will likely take a while for companies to change their ways, but like Japan things are improving.

Round-up of South Korean financial markets:

US-China trade war carries multiple downside risks for South Korea's economy which is heavily exposed to both countries. Trade war's end result likely to be lower Korean exports to China, margin compression for major exporters. Tariff might still be a boon for Korean economy in the long-term if it alleviates competitive pressure coming from China.