The Malaysia country-specific exchange traded fund has experienced wild swings in the last couple of sessions and allowed U.S. investors to price this Southeast emerging market even during this foreign market’s off hours.

The iShares MSCI Malaysia ETF (NYSEArca: EWM) jumped as much as 4% in earlier Thursday trading after plummeted 6% Wednesday, and it is now testing its long-term support at the 200-day simple moving average.

The Malaysia ETF reveals the strong U.S. trader interest in international stocks as many look to capture potential overseas opportunities.

“EWM is serving as a real-time price discovery vehicle for investors while local Malaysian markets remain closed until Monday, as evidenced by record volume yesterday,” Chris Dhanraj, head of U.S. iShares investment strategy for BlackRock, told Bloomberg.

Yesterday investors traded 4.4 million shares of EWM, with volume spiking nearly 900 percent above its five-year average. EWM traders exchanged another 4 million shares Thursday, compared to the average daily volume of 700,000 shares, according to Morningstar data.

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