The iShares MSCI South Korea ETF closed at $198.29 on May 27, slipping 1.18% from the prior session's $200.65 after a sharp 10.23% gain on May 26. Despite the pullback, EWY maintains its UP trend with a FUM Score of 71.25, indicating strong technical momentum. The current UP trend, initiated April 13 at $141.23, has now delivered a remarkable 40.40% gain. Volume of 16.48 million shares ran slightly below the 17.93 million daily average, suggesting profit-taking rather than distribution amid continued enthusiasm for Korean equities tied to AI semiconductor demand from Samsung and SK Hynix exposure, plus ongoing Value-Up corporate reform momentum.