South Korea's iShares MSCI South Korea ETF (EWY) has experienced extreme volatility in 2026, surging over 50% year-to-date on AI-driven semiconductor demand for Samsung Electronics and SK Hynix before a sharp correction erased 20-40% from the KOSPI's June peak. The recent pullback stems from concerns over AI capital expenditure sustainability, disappointing earnings from key chipmakers, and forced unwinding of leveraged single-stock ETFs, triggering liquidity-driven selling and multiple trading halts. Despite the drawdown, the index remains up substantially for the year, supported by strong memory chip fundamentals amid global supply shortages. Traders are closely monitoring August economic releases, global risk sentiment, and any shifts in hyperscaler spending plans that could influence EWY price action in the immediate term.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · Updated↑ $163
50%
↑ $162
50%
↑ $161
50%
↑ $160
50%
↑ $159
50%
↑ $158
50%
↑ $157
50%
↓ $156
50%
↓ $155
50%
↓ $154
50%
↓ $153
50%
↓ $152
50%
↓ $151
50%
↓ $150
50%
$0.00 Vol.
↑ $163
50%
↑ $162
50%
↑ $161
50%
↑ $160
50%
↑ $159
50%
↑ $158
50%
↑ $157
50%
↓ $156
50%
↓ $155
50%
↓ $154
50%
↓ $153
50%
↓ $152
50%
↓ $151
50%
↓ $150
50%
Only prices achieved during the regular trading hours of the primary exchange on which the listed security trades (typically 9:30 AM – 4:00 PM ET) will be considered. Prices occurring during pre-market or after-hours trading will not qualify.
Prices will be used exactly as published by Pyth, without rounding.
In the event of a stock split, reverse stock split, or similar corporate action affecting the listed company during the listed time frame, this market will resolve based on split-adjusted prices as displayed on Pyth.
The target price will be adjusted proportionally to reflect any stock splits. Resolution will be based on the historical price data as shown on Pyth after any adjustments have been applied.
The resolution source for this market is Pyth — specifically, the South Korea ETF (EWY) "High" prices available at https://pythdata.app/explore/Equity.US.EWY%2FUSD, with the chart settings configured for 1-minute candles.
Historical 1-minute candles may be accessed by appending a Unix timestamp (seconds) to the Pyth chart URL using the "t=" parameter. Any timestamp within the listed market time frame may be used to view the relevant candle data (e.g., https://pythdata.app/explore/Equity.US.EWY%2FUSD?t=1773432000)
If the relevant Pyth data is unavailable due to a system outage, data failure, or other technical disruption that prevents verification of the required 1-minute candle data, the official daily high price published by the primary exchange on which the listed security trades will be used to determine whether the listed price was reached during the applicable trading session.
Market Opened: Jul 31, 2026, 6:02 PM ET
Resolution Source
https://pythdata.app/explore/Equity.US.EWY%2FUSDResolver
0x65070BE91...Only prices achieved during the regular trading hours of the primary exchange on which the listed security trades (typically 9:30 AM – 4:00 PM ET) will be considered. Prices occurring during pre-market or after-hours trading will not qualify.
Prices will be used exactly as published by Pyth, without rounding.
In the event of a stock split, reverse stock split, or similar corporate action affecting the listed company during the listed time frame, this market will resolve based on split-adjusted prices as displayed on Pyth.
The target price will be adjusted proportionally to reflect any stock splits. Resolution will be based on the historical price data as shown on Pyth after any adjustments have been applied.
The resolution source for this market is Pyth — specifically, the South Korea ETF (EWY) "High" prices available at https://pythdata.app/explore/Equity.US.EWY%2FUSD, with the chart settings configured for 1-minute candles.
Historical 1-minute candles may be accessed by appending a Unix timestamp (seconds) to the Pyth chart URL using the "t=" parameter. Any timestamp within the listed market time frame may be used to view the relevant candle data (e.g., https://pythdata.app/explore/Equity.US.EWY%2FUSD?t=1773432000)
If the relevant Pyth data is unavailable due to a system outage, data failure, or other technical disruption that prevents verification of the required 1-minute candle data, the official daily high price published by the primary exchange on which the listed security trades will be used to determine whether the listed price was reached during the applicable trading session.
Resolution Source
https://pythdata.app/explore/Equity.US.EWY%2FUSDResolver
0x65070BE91...South Korea's iShares MSCI South Korea ETF (EWY) has experienced extreme volatility in 2026, surging over 50% year-to-date on AI-driven semiconductor demand for Samsung Electronics and SK Hynix before a sharp correction erased 20-40% from the KOSPI's June peak. The recent pullback stems from concerns over AI capital expenditure sustainability, disappointing earnings from key chipmakers, and forced unwinding of leveraged single-stock ETFs, triggering liquidity-driven selling and multiple trading halts. Despite the drawdown, the index remains up substantially for the year, supported by strong memory chip fundamentals amid global supply shortages. Traders are closely monitoring August economic releases, global risk sentiment, and any shifts in hyperscaler spending plans that could influence EWY price action in the immediate term.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · Updated


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