EWY

iShares MSCI South Korea ETF

2026-01-17 12:58 AM

+1.12%

South Korea ETF extends gains as Bank of Korea rate pause supports sentiment

EWY continued its upward trend following the Bank of Korea's decision to hold rates steady at 2.5%, as reported by SeekingAlpha. The central bank ended its easing cycle amid currency concerns, providing stability for Korean equities.

Analysis

This marks the fourth consecutive day of gains for EWY, with the ETF rising steadily since the BOK rate decision on January 15. The pause in rate cuts, while ending monetary easing, appears to have reassured investors about currency stability and removed near-term policy uncertainty. The move outperformed the flat broader market, suggesting this is driven by Korea-specific factors rather than global risk appetite.

Sources

Bank Of Korea Stands Pat, Ending Its Easing Cycle, Amid Currency Concerns

Date: 2026-01-17

Price: $112.29

Type: Sector Wide

Confidence: medium