Serenity's EWY Holdings Surge 485% in Months on South Korea Semiconductor Bets

According to Odaily, investor Serenity's holdings in EWY, an exchange-traded fund tracking South Korea's stock market, surged 485% over recent months, driven by implied volatility expansion and directional long-term memory-chip trades. The rally was fueled by strong performance in semiconductor "memory cycle" stocks including Samsung Electronics, SK Hynix, and Micron Technology, even as some investors exited amid market volatility.

Serenity added that if Samsung and SK Hynix become among the world's most profitable companies by 2028, maintaining this long-term thesis while enduring volatility could prove an effective investment approach. EWY's holdings primarily include Samsung Electronics, SK Hynix, and major South Korean financial, manufacturing, and export companies.