The iShares Korea ETF (EWY) Dropped 14% in Its Most Brutal Session in Six Years, and It Started With Broadcom

iShares MSCI South Korea ETF (EWY) fell about 14% in a single session, dropping from roughly $204 to $175.19 by the close. The move was described as the fund's worst intraday session since the March 2020 COVID crash, signaling an extreme volatility event and sharp risk-off sentiment toward South Korean equities.

Analysis

iShares MSCI South Korea ETF (EWY) fell about 14% in a single session, dropping from roughly $204 to $175.19 by the close. The move was described as the fund's worst intraday session since the March 2020 COVID crash, signaling an extreme volatility event and sharp risk-off sentiment toward South Korean equities.