Korea Fell 9% in a Day. Is AI Demand Cracking — or Did a Crowded Trade Unwind?
The KOSPI crashed 8.95% on July 13 and broke 7,000. But the won moved 0.13% and refiners rose. What the numbers actually say about the AI trade.
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EWY Top Holdings: You Didn’t Buy ‘Korea’ — You Bought Two Memory Stocks
SK Hynix and Samsung Electronics are now over half of the EWY ETF — and 57–60% of the KOSPI itself.
Foreigners Are Dumping Korea — So Why Are They Crowding Into Its Chips?
In 2026 the KOSPI broke 9,000 while foreign ownership of Samsung and SK Hynix hit a one-year low. It’s not a contradiction — it’s forced selling of “Korea” and deep conviction in its AI memory. Here’s the machine behind it.