By Austin Smith
Publication Date: 2026-06-08 12:00:00
Quick Read
EWY crashed 14% on Friday, its worst single-day drop since March 2020, as Samsung and SK Hynix, its two dominant holdings at 42%, collapsed.
Broadcom’s $16B AI guide missed the $17.2B whisper, triggering fears of capped hyperscaler demand that sent NVDA and Micron down 6% and 13%.
Three catalysts to watch: Samsung’s pending HBM3e NVIDIA qualification, Bank of Korea FX intervention, and whether Broadcom beats its $16B AI guide next quarter.
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and iShares MSCI South Korea fund didn’t make the cut. Grab the names FREE today.
If you owned iShares MSCI South Korea ETF (NYSEARCA:EWY) on Friday morning, you had a roughly $204 share by the closing bell that was worth $175.19, a roughly 14% single-day decline that, by intraday magnitude, was the fund’s worst session since the March 2020 COVID crash. A $10,000 position opened at Thursday’s close was worth somewhere near $8,590 by…
