Japanese and South Korean stock markets rebound; Phantom Wallet launches BlackRock Japan and South Korea ETF perpetual contracts with up to 20x leverage.

Global stock markets rebounded amid investor expectations that the conflict in Iran might de-escalate. The Nikkei 225 index jumped more than 2,300 points at the open and is currently up 2.71%. The Korea Composite Stock Price Index (KOSPI) surged more than 10% in early trading after the authorities decided to launch a market stabilization plan of more than 100 trillion won. High-weighted stock Samsung rose 11%, temporarily shaking off the panic of the past few days.

Further Reading: South Korean Stocks Plunge 20% in Two Days, Worst Among Asian Stock Markets – Why?

Phantom launches perpetual contracts for Japanese and Korean ETFs.

At this time, the popular cryptocurrency wallet Phantom announced this morning (5) that it officially supports perpetual contract trading in South Korea (iShares MSCI ETF, EWY) and Japan (iShares MSCI ETF, EWJ). Users can participate in long and short trading in the Japanese and South Korean markets with leverage of up to 20 times within the wallet.

Phantom users can simply deposit SOL or USDC to place orders directly within their wallets without being redirected to external platforms. (However, the official statement notes that this perpetual contract is not available in all jurisdictions.)

EWY & EWJ issued by BlackRock

Both ETFs were issued by financial giant BlackRock:

iShares MSCI South Korea ETF (EWY)

Track the MSCI Korea 25/50 index to reflect the performance of large and medium-sized companies in South Korea.

• Expense Ratio: 0.59%

• Top three holdings (data from March 2026):

  1. Samsung Electronics: Approximately 23% – 29%

  2. SK Hynix: Approximately 19% – 20%

  3. Hyundai Motor: Approximately 3%

iShares MSCI Japan ETF (EWJ)

Tracking the MSCI Japan Index is one of the most liquid Japanese stock investment tools in the world.

• Expense Ratio: 0.49%

• Top three holdings (data from March 2026):

  1. Toyota Motor: Approximately 4.5%

  2. Mitsubishi UFJ Financial Group (MUFG): Approximately 4.0%

  3. Hitachi: Approximately 2.9%

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