EWY

iShares MSCI South Korea ETF

2026-01-16 09:03 PM

+1.02%

South Korea ETF extends gains as Bank of Korea rate pause supports sentiment

The Bank of Korea held its policy rate steady at 2.5%, ending its easing cycle amid currency concerns, according to SeekingAlpha. This decision, announced January 15th, appears to have provided continued support for Korean equities.

Analysis

This marks the fourth consecutive day of gains for EWY, continuing the positive momentum that began after the central bank's rate decision. The pause in rate cuts may be viewed favorably as it signals confidence in the Korean economy and helps stabilize the won. However, with only one medium-tier source and the news now a day old, the connection to today's specific move is somewhat tenuous.

Sources

Bank Of Korea Stands Pat, Ending Its Easing Cycle, Amid Currency Concerns

Date: 2026-01-16

Price: $112.20

Type: Sector Wide

Confidence: medium