Japan and South Korea stock markets rebound » Phantom Wallet launches BlackRock Japan and South Korea ETF perpetual contracts, with up to 20x leverage

Phantom Wallet Announces Support for Korean and Japanese ETF Perpetual Contracts, Integrated via Hyperliquid. Users Can Trade Long and Short Positions on the Korea and Japan Markets with Up to 20x Leverage Directly Within the Wallet.
(Previous Highlights: Market Crash! Taiwan Stocks Plunged 1,300 Points, Korean Stocks Fell 8% for Two Consecutive Days, Nikkei Dropped Over 2,100 Points, Crude Oil Reached a One-Year High)
(Additional Background: Iran Blockades the Hormuz Strait, “Shells More Than Ten Oil Tankers”! Trump Threatens: Temporarily Tolerate Rising Oil Prices, Collaborates with Germany and Israel to Counteract)

Table of Contents

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• Phantom Launches Korean and Japanese ETF Perpetual Contracts
• BlackRock-Issued EWY & EWJ
  • iShares MSCI South Korea ETF (EWY)
  • iShares MSCI Japan ETF (EWJ)

Global stock markets rebounded amid investor expectations that Iran conflict tensions might ease. The Nikkei 225 opened with a jump of over 2,300 points, currently up 2.71%. The KOSPI surged more than 10% in early trading after authorities announced a market stabilization plan exceeding 100 trillion Korean won, with major stocks like Samsung rising 11%, temporarily ending days of panic.

Read More: Korean Stocks Crash 20% in Two Days, Worst in Asia. Why?

Phantom Launches Korean and Japanese ETF Perpetual Contracts

At this time, popular crypto wallet Phantom announced this morning (March 5) that it now officially supports perpetual contract trading for Korean (iShares MSCI ETF, EWY) and Japanese (iShares MSCI ETF, EWJ) ETFs. Users can participate in long and short trades on the Korea and Japan markets with up to 20x leverage directly within the wallet.

Phantom users only need to deposit SOL or USDC to place orders directly in the wallet, without switching to external platforms. (However, the official notes that these perpetual contracts may not be available in all jurisdictions.)

Two new international ETF perpetual markets are now live for trading.
iShares MSCI South Korea ETF – EWY
iShares MSCI Japan ETF – EWJ
Go long or short with up to 20x leverage. pic.twitter.com/FICSmqrAzi
— Phantom (@phantom) March 4, 2026

BlackRock-Issued EWY & EWJ

Both ETFs are issued by financial giant BlackRock:

iShares MSCI South Korea ETF (EWY)

Tracks the MSCI Korea 25/50 Index, reflecting the performance of large and mid-cap Korean companies.

• Expense Ratio: 0.59%
• Top 3 Holdings (March 2026 Data):
  2. Samsung Electronics: About 23% – 29%
  4. SK Hynix: About 19% – 20%
  6. Hyundai Motor: About 3%

iShares MSCI Japan ETF (EWJ)

Tracks the MSCI Japan Index, one of the most liquid Japanese stock market investment tools globally.

• Expense Ratio: 0.49%
• Top 3 Holdings (March 2026 Data):
  2. Toyota Motor: About 4.5%
  4. MUFG (Mitsubishi UFJ Financial): About 4.0%
  6. Hitachi: About 2.9%