Serenity Reports 485% Rise in Korean ETF EWY Driven by Volatility

Serenity, known as the "new stock god," announced on X platform that their holdings in the ETF EWY, which tracks the South Korean stock market, have surged by 485% in recent months. According to Odaily, this increase is attributed to the expansion of implied volatility and a directional "memory long" strategy. During market fluctuations caused by the situation in Iran, some investors exited due to panic and pessimistic social media commentary. However, semiconductor "memory cycle" trades, represented by companies like Samsung, SK Hynix, and Micron Technology, have shown strong performance. Serenity further noted that if investors can anticipate Samsung and SK Hynix becoming among the most profitable companies globally by 2028, maintaining this long-term strategy in a high-volatility environment could be an effective investment approach. EWY's main components include Samsung Electronics, SK Hynix, and major South Korean financial, manufacturing, and export companies.