EWY is trading 3.7% up today as South Korean tech shares recover from a sharp sector-wide selloff.
- Sentiment is being bolstered by rumors of a massive 90 trillion won share buyback by Samsung Electronics, which has surged more than 10%.
- The rebound follows a June 23 rout where the KOSPI fell nearly 10% and major semiconductor players like SK Hynix dropped over 12% amid a global AI and semiconductor downturn.