The iShares MSCI South Korea ETF (EWY) is not on a lot of investors’ radars. If you are searching throughout Asia for equity exposure, you might devote more time to China, Japan, or India. But with what just happened earlier this week in the South Korean stock market, we should all take notice.
Because we won’t likely see a major market index like the S&P 500 Index ($SPX) dive by a dozen percentage points — but maybe a segment of it could. Market history is littered with events that came on slowly, then all at once.
