Historical replay · EWYB/USD
South Korea ETF Token Fell 15%, Then Bounced (Nov 2026)
Tokenised EWY, the iShares MSCI South Korea ETF, fell from $153.73 to $130.60 between November 4 and 5, 2026, as chip stocks crashed, then rebounded to $140.12 in Seoul's Friday session. Replay it in hourly steps.
South Korea's stock market is dominated by Samsung Electronics and SK Hynix, so the iShares MSCI South Korea ETF behaves like a leveraged bet on memory chips. Its tokenised version on Binance trades around the clock and peaked at $153.73 late on Wednesday, November 4, after the US midterm results first lifted stocks.
The fall began in Asian hours on Thursday and never really paused. The token was below $150 by 00:00 UTC, near $146 by the European morning, $141.80 by the 14:00 UTC hour as US trading began, and $133.16 after the 20:00 UTC hour, as the Philadelphia semiconductor index fell 12% and Micron lost 17.5%. It touched $130.60 in the 23:00 UTC hour, about 15% below Wednesday's high.
The turn came when Seoul reopened. The 00:00 UTC hour on Friday is 9:00 a.m. in Korea, and the token climbed to $136.71 in that hour, $136.30 at the close of the next and $140.12 in the 02:00 UTC hour, recovering about 40% of the fall in three hours on the heaviest trading of the replay.
It did not hold the high. By the European morning the token was back near $137 and spent Friday's US session between about $136 and $140. Replay the drop and the bounce to see how a 24-hour token front-runs the underlying market on both sides, and why the first hour of the home market's session often sets the rebound's ceiling.