On July 6, iShares MSCI South Korea ETF (EWY) rose 6.02% in pre-market trading, trading at approximately $190.56/share, with turnover of $5.70 million.

On the news front, South Korea officially launched round-the-clock USD/KRW spot trading on July 6, marking what is considered the most fundamental foreign exchange regime reform since 1997. The onshore market now operates continuously from Monday morning through Saturday morning local time. Korea's Finance Minister described the move as a starting point for the won going global, with the reform aimed at enhancing capital market competitiveness and securing MSCI Developed Market classification.

Separately, Goldman Sachs maintained its 12-month KOSPI target of 12,000 points, noting that broader thematic opportunities, rapid earnings growth, and attractive valuations should drive the index higher despite elevated volatility. The Korean market had previously experienced severe turbulence, with KOSPI triggering circuit breakers twice in early July and falling over 7% in a single session amid record foreign capital outflows of approximately $95 billion year-to-date.

The fund generally invests at least 80% of its assets in the component securities of its underlying index, the MSCI Korea 25/50 Index, which measures large- and mid-cap equity performance in Korea.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)