On July 8, iShares MSCI South Korea ETF (EWY) fell 5.03% in pre-market trading, trading at 172.23 USD/share, with turnover of approximately $29.80 million.

On the news front, Korea's KOSPI index closed down 5.35% at 7,246.78 points, falling more than 20% from its June all-time high and officially entering a technical bear market. The Korea Exchange activated the circuit breaker mechanism on the KOSDAQ market, suspending programmatic sell orders. Intraday, KOSPI briefly plunged over 6%. Investors expressed growing concerns over the long-term outlook of AI chip manufacturers, with Samsung Electronics and SK Hynix suffering heavy losses despite strong earnings.

Korea's Ministry of Finance stated that the Finance Minister and other economic policymakers agreed to closely monitor risk factors that could exacerbate stock market volatility. Regulators pointed to semiconductor sector concentration and single-stock leveraged ETFs as key amplifiers of market turbulence, with the National Assembly launching a review that includes potential delisting of such products.

The fund generally invests at least 80% of its assets in the component securities of its underlying index, the MSCI Korea 25/50 Index, a free float-adjusted market capitalization-weighted index designed to measure the performance of large- and mid-cap equity segments 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.)