On July 7, iShares MSCI South Korea ETF (EWY) declined 5.26% in regular trading, trading at 177.94 USD/share, with turnover of $1.053 billion.

On the news front, the Korean KOSPI index plunged over 8% intraday, triggering circuit breakers twice — first when KOSPI 200 futures fell 5%, halting program trading for five minutes, and again when the index decline reached 8%, suspending trading for 20 minutes. KOSPI ultimately closed down 4.91% at 7,656.31 points, retreating 16% from its June 22 record high of 9,114.55.

Samsung Electronics reported preliminary Q2 operating profit of 89.4 trillion won, surging 1,810% year-over-year and exceeding consensus of 84.2 trillion won. However, the stock exhibited a classic sell-the-news pattern, falling over 7% intraday. Samsung shares had rallied more than 158% over the prior 18 months, with outperformance already fully priced in. Concurrently, growing market skepticism over AI capital expenditure sustainability triggered concentrated profit-taking across Korean tech stocks.

EWY tracks the MSCI Korea 25/50 Index, with holdings primarily consisting of consumer discretionary, financial, and technology companies listed on the Korea Exchange.

(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.)