EWY Will Fall To $152 as Chip Rally Collapses

EWY will hit $152 in August, plunging below its August 4 close of $171.14 and cutting past the August 4 low of $166.09. That slide will erase a meaningful slice of the ETF's year to date gains that already exceed 75 percent and force portfolio managers to rethink exposure to Korean equities. The KO…