The iShares MSCI Taiwan Index (EWT) ETF explodes upward on 700% volume spike! It started with the announcement today that the GDP shrank at an annual rate of 6.1 percent in the first quarter, more than the five percent slide economists had expected. Institutional traders took this to mean that foreign markets will grow at a rate faster than the domestic market this year. As a result, money poured into foreign stocks today. The iShares MSCI Taiwan Index (EWT) is a buy today. In the video below, I explain my rationale for a buy recommendation on this ETF. I bought EWT today at about $9.80