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Ben Carlson

Why South Korea's Stock Market Is Doing Just Fine

A few big names, Samsung in particular, can determine the exchange's direction.
Meeting of minds. Photographer: Brendan Smialowski/AFP/Getty Images

President Donald Trump's visit this week was a reminder of the risk faced by South Korea from its northern neighbor. You would think the mounting tensions would send South Korean stocks crashing. That hasn’t been the case.

In fact, South Korea is one of the strongest-performing world stock markets this year, with the iShares MSCI South Korea ETF, known as EWY, up almost 43 percent. And that’s after losses in three out of the previous six years.