Korea-Related ETFs Jump With KORU up 12%, EWY up 4%

Tiger Newspress05-13 21:54

Korea-related ETFs jumped in morning trading. Direxion Daily MSCI South Korea Bull 3x Shares rose 12%; iShares MSCI South Korea ETF and Franklin FTSE South Korea ETF rose 4%.

Korea-related ETFs surged in recent trading sessions, reflecting a broad-based rally in South Korean equities and improving investor sentiment toward the country’s technology-heavy market.

The gains were largely driven by strength in major components such as semiconductor and automotive stocks, with key names like Samsung Electronics and SK Hynix benefiting from continued optimism around global demand for memory chips and AI-related hardware. Broader risk-on sentiment in global markets also supported inflows into emerging Asian equities, further boosting Korean ETF performance.

Analysts noted that expectations of stabilizing interest rates and recovering export momentum have contributed to renewed interest in Korea-linked investment products. As a result, ETFs tracking South Korean equities saw notable upward movement, outperforming several regional peers in the Asian equity space.

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