# iShares MSCI South Korea ETF recorded $409 million in withdrawals.

*fintech · news · 2026-05-07 · Bloomberg*

## Key points

- BlackRock's EWY ETF saw a record $409 million in withdrawals in one day.
- These outflows occurred despite the Kospi index hitting an all-time high and surging 6%.
- The Kospi's rally is driven largely by companies tied to the artificial intelligence supply chain.
- The Kospi index has increased 75% since the start of the year.

**Companies:** BlackRock
**Countries:** South Korea

[Read the full story on Bloomberg](https://www.bloomberg.com/news/articles/2026-05-07/blackrock-south-korea-etf-sees-record-exodus-as-ai-stocks-soar)

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