EWY Stock Recent News
EWY LATEST HEADLINES
EWY is a popular way to play South Korean equities, but we pick out a few structural flaws in relation to its next biggest peer - FLKR. Korean macros are convalescing well, and the recent pick-up in exports bodes well. The Korean government is taking steps to make the Won more attractive.
A U.S.-listed exchange-traded fund that tracks the South Korean stock market is surging toward its best day since April — and potentially its best since 2020 — after South Korean financial regulators reimposed a ban on short selling.
South Korea's exports to mainland China have remained weak during 2023, recording a decline of 9.5% y/y in October. According to latest trade data from South Korea's Ministry of Trade, Industry and Energy, South Korea's merchandise exports showed grew by 5.1% y/y in October 2023.
Korean large caps have outperformed their Asian counterparts this year on the back of tech-driven tailwinds. With generative AI investments showing no sign of slowing down, the iShares MSCI South Korea ETF remains poised to benefit via its two largest holdings. The portfolio is priced at undemanding levels, offering investors many ways to win from here.
Morgan Stanley is bullish on equities in Japan, Taiwan and South Korea and suggest an overweight position in developed-market government bonds, including long-dated Treasuries, and the dollar.
Yacktman Asset Management (Trades, Portfolio) disclosed its first-quarter 13F portfolio update, revealing its top trades included a new holding in iShares MSCI South Korea ETF ( EWY , Financial) and boosts to its positions in Pioneer Natural Resources Co. ( PXD , Financial) and Charles Schwab Corp. ( SCHW , Financial). The Austin, Texas-based firm also reduced its holdings of U.S. Bancorp ( USB , Financial) and Weatherford International PLC ( WFRD , Financial).
After posting sluggish growth in Q1 of 2023, the fourth-largest Asian economy barely managed to avoid a recession. With an IMF forecast of 1.5% growth in GDP for 2023, the export sector of South Korea is expected to review this year, providing some relief to the economy.
Many investors brush off unusual options activity, but others like to “follow the flow.
The South Korean economy slowed significantly during the second half of 2022, with GDP contracting by 0.4% quarter-on-quarter (q/q) in the fourth quarter of 2022. South Korea's manufacturing sector remained in contraction territory at the start of 2023, according to latest PMI data from S&P Global, as another contraction in new orders drove output volumes down.