--- title: "Weekly Recap | EWY.US -10.39%, KOSPI circuit breaker tripped" type: "News" locale: "en" url: "https://longbridge.com/en/news/304710491.md" description: "EWY.US fell 10.39% this week to close at $137.01, underperforming the S&P 500 by roughly 7.71 percentage points. The week opened higher at $158.37 on Monday, touched an intraday high of $158.91, then reversed sharply lower. Wednesday brought wide intraday swings, and Thursday was the heaviest session—down 13.00% on more than 44 million shares traded, marking a fresh 60-day low of $131.65. Friday staged a mild rebound to $137.01 on above-average volume." datetime: "2026-11-07T04:29:39.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/304710491.md) - [en](https://longbridge.com/en/news/304710491.md) - [zh-HK](https://longbridge.com/zh-HK/news/304710491.md) generator: "portal-rs" --- # Weekly Recap | EWY.US -10.39%, KOSPI circuit breaker tripped ## The Week EWY.US fell 10.39% this week to close at $137.01, underperforming the S&P 500 by roughly 7.71 percentage points. The week opened higher at $158.37 on Monday, touched an intraday high of $158.91, then reversed sharply lower. Wednesday brought wide intraday swings, and Thursday was the heaviest session—down 13.00% on more than 44 million shares traded, marking a fresh 60-day low of $131.65. Friday staged a mild rebound to $137.01 on above-average volume. The full-week amplitude came in at 17.21%, and average daily volume ran about 62.75% above its recent median, pointing to a high-volume sell-off rather than an orderly pullback. ## Sector News South Korean equities saw extreme stress this week. The KOSPI briefly dropped 8.8% on Thursday, falling below the 5,000-point mark and tripping the exchange’s SIDECAR mechanism to pause programme selling. Chipmakers led the selling pressure, at one point triggering a trading halt on the main bourse. On the macro side, the US midterm result and its impact on AI investment sentiment dominated the conversation, with Morgan Stanley flagging November as a possible turning point for KOSPI depending on how AI sentiment evolves. IIF data showed $14.6bn of foreign outflows from Korean equities in October. Policy responses came quickly: Seoul announced a three-month easing of margin trading rules and a lock-up period for cornerstone investors to curb post-IPO sell-offs. In the options market tied to EWY, some put contracts surged nearly 49x from the start of the week. ## The Week Ahead Tuesday’s US CPI and core CPI prints for October are the key macro event: consensus expects core CPI to rise to 2.8% from 2.6%, and headline CPI to tick up to 3.9% from 3.7%. A hotter reading could keep pressure on risk assets across Asia. Monday brings wholesale sales data, and Tuesday also includes the NFIB small-business optimism index. In Korea, the three-month margin-trading easing announced last week will begin to take effect, and its impact on liquidity conditions is worth tracking. Beyond scheduled data, the pace at which AI-related sentiment stabilises after this week’s sharp drawdown will shape the near-term direction for Korean assets. ## In Short This week’s decline in EWY.US reflected a combination of broad outflows, policy easing measures, and a rapid cooling of AI sentiment rather than a single catalyst. On valuation, the fund trades at about 38.2x P/E and 2.2x P/B, well below its 60-day average price level of $173.05. Capital flows were mixed on the latest session: large and medium orders were net buyers, while small-lot flows stayed net sellers. The tension to watch is whether Tuesday’s US CPI pushes yields and dollar strength further, testing the Korean authorities’ ability to stabilise the margin-driven selling. With volatility elevated, price is likely to keep chopping between $131.65 and $154.46 in the near term. *This article is generated by LongbridgeAI from market data, for information only and not investment advice.* ### Related Stocks - [EWY.US](https://longbridge.com/en/quote/EWY.US.md) ## Related News & Research - [Samsung EPIS Holdings cuts corporate governance compliance rate to 60% in corrected filing](https://longbridge.com/en/news/300268025.md) - [SK Telecom pursues construction of 15 GW AI data center](https://longbridge.com/en/news/291728658.md) - [QBTS: Revenue rose 21%; nine-month bookings surged 611% as adjusted losses widened](https://longbridge.com/en/news/305007924.md) - [What's Going On With Trade Desk Stock Tuesday?](https://longbridge.com/en/news/304999508.md) - [NAVER D2SF-backed MOVIN Raises KRW 10 Billion Series A to Expand from Motion Capture to Motion Data Infrastructure](https://longbridge.com/en/news/304882348.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**