SK Rebuilt Its Group — SK Hynix Stayed Put
SK Group absorbed a battery unit, spun off a data-center firm, and sold 49% of it for ₩3.08tn — none of it touched SK Hynix, the core of EWY.
Market Trends
KOSPI’s Week: The Whole 1.8% Loss Was Friday
KOSPI finished last week down 1.8% — but the whole loss was Friday. The index round-tripped a Monday crash by Thursday; Samsung didn’t, and KOSDAQ rose 4.6%.
Did the Bank of Korea Raise Rates? Yes, to 3%.
On Aug 27 the Bank of Korea raised its base rate to 3% and its governor said “preemptive” 14 times — the same week the Fed’s Warsh refused to signal his next move.
Korea’s Memory Lead — Micron Bets Against It
Buy “memory” after Nvidia’s blowout and there are three doors. Two hold Samsung and SK Hynix; Micron is the bet against them. Here’s the map.
When Does Korea Trade Nvidia? Before the US.
Nvidia reports after the US close on Aug 26. Seoul opens 3h40m later — the first major market to trade the print in cash, on the same Thursday morning the…
How Korea Answered a Crash With Debt Relief
Korean stocks fell 5.80% on Wednesday. A sell sidecar tripped six minutes after the open, foreign investors sold roughly ₩3.5 trillion (about US$2.5 billion), and the index closed at 6,471.17. Two days later, on Friday morning at eight o’clock, the Deputy Prime Minister sat down with the heads of the financial regulators and the central … Read more
If You Own EWY, You Are Already Buying on August 31
MSCI’s August review takes effect on the August 31 close. Index money buys and sells that day whatever the price, and if you hold EWY it buys for you.
How Much of Korea’s 11% Week Was 3 Days? 88%.
The KOSPI rose 11.49% last week but 88% of that came in three sessions, while the KOSDAQ built 84.5% of its gain on Monday alone. A US account holding EWY received +8.22%.
Korea’s Market Rose 11%. Its Regulators Said Nothing.
The KOSPI rose 11.49% this week and Korean regulators made no public comment on it. What they published instead was the next tranche of leverage rules.
EWY Holdings: Two Stocks Are 43%, Not 50%
iShares’ own holdings file says EWY’s top two stocks are 42.85 percent, not the 50 percent screeners show. One of those numbers cannot exist.