EWY’s price action in the week of August 31, 2026, centered on its concentrated exposure to Samsung Electronics and SK Hynix, which together comprise roughly 45% of the fund and drove sensitivity to AI memory demand and global semiconductor earnings. After a sharp July-August correction exceeding 30% from June peaks—amplified by retail deleveraging in single-stock leveraged ETFs, foreign net selling, and the Bank of Korea’s surprise rate hikes to 3%—the ETF stabilized near 180–182 on August 31 before rebounding. Key influences included resilient Nvidia AI capex commentary, easing leverage unwind, and improving export momentum, offset by higher Treasury yields and geopolitical tensions. Traders are monitoring September chip earnings releases and any shifts in foreign flows or monetary policy signals for further direction.