Coupang shares recoup some losses

Coupang (CPNG) shares rebounded yesterday by +9.78% after a series of beatdown since their last quarterly results. The South Korean e-commerce company have reported in mid-august their second quarter results of 2021, showing a +71% bump in revenue year over year to almost $4.5 billion, inches ahead of analyst expectations. Bottom line however, disappointed investors as CPNG reported a quarterly net loss of $518 million, more than what Wall Street expected.

Shares of Coupang have fallen by more than 20% since their last results before recouping losses on Tuesday, with investors flocking to "buy the dip".

Coupang is one of several popular South Korean companies that have attracted worldwide interest. The country is known for being home of global companies like Samsung Electronics, Kia and Hyundai, SK Hynix and LG.

Investors who seek a diversified exposure to South Korean Equities have a wide array of ETFs to choose from, including iShares MSCI South Korea ETF (EWY), one of the largest South Korea ETFs with $6.18 billion in assets under management. EWY provides exposure to Large and Mid-Cap South Korean equities with Samsung electronics (22.83%) and SK Hynix (4.94%) among its top holdings.

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