Despite Political Problems, Korea (EWY) ETF Hits High | ETF Trends

The South Korean exchange traded fund (ETF) hit a year-to-date high as political conflicts get worked out. A December presidential election has left some time to get political wrinkles ironed out and South Korean president Roh Moo Hyun has left the Uri party to help members settle conflict. Roh believes his departure will lead to a resolution between supporters and opponents of his party.

Kim Kyoungwha of reports the economy of $788 billion is expected to expand at 4.5% this year, the slowest in five years. A slowdown in consumer spending met with an overall global reduction for the country’s exports are culprits. Look into the iShares MSCI South Korea Index (EWY).


The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.