Home ETFs and Funds Analysis ETF Analysis Summary iShares MSCI South Korea ETF is downgraded to sell after a sharp 10% drop driven by AI profit-taking comments. EWY is highly concentrated, with SK Hynix and Samsung comprising 52% of the portfolio, amplifying volatility and risk. Despite a low 7.6x P/E, surging EPS estimates and extreme momentum signal peak earnings and potential downside ahead. I see more attractive risk/reward near $155 support, with current technicals and volatility suggesting further near-term declines. Iskandar Zulkarnaen/iStock via Getty Images The iShares MSCI South Korea ETF ( EWY ) plunged 10% on Tuesday, May 12, following comments from a country official calling for AI profit-taking for the benefit of taxpayers. A so-called “ citizen dividend .” That Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours.…