ISHARES MSCI SOUTH KOREA INDEX FUND $ISHARES MSCI SOUTH KOREA INDEX FUND55.29 (New York symbol EWY; buy or sell through brokers) has rebounded from the low of $42.94 it dropped to in August 2015.
That’s because the South Korean economy grew at its fastest pace in five years in the third quarter of 2015, boosted by higher domestic demand after a big government stimulus program. That offset slowing exports caused by slowing demand, particularly in China.
The South Korean government launched the stimulus spending after an outbreak of Middle East respiratory syndrome cut heavily into tourism and consumer spending in the second quarter.
The outlook for the country’s economy remains positive.
iShares MSCI South Korea Index Fund is a buy for aggressive investors.
