On July 31, Direxion Daily MSCI South Korea Bull 3x Shares rose 8.72% in regular trading, trading at $15.61/share, with turnover of $600 million. The rally was driven by an historic rebound in South Korean equities, with the KOSPI index surging 18% to reclaim the 6,600-point level.

The underlying Korean market staged a powerful recovery following consecutive circuit-breaker halts earlier in the week. SK Hynix surged 29% and Samsung Electronics jumped 26% on the Korean exchange. JPMorgan noted that the core driver of the prior selloff — leveraged ETF liquidation — is largely exhausted, with leveraged ETF assets shrinking from $50 billion to $17 billion and hedge funds having completed approximately 90% of their deleveraging. The market now lacks the structural basis for further deterioration from retail margin calls or foreign investor stampedes. The 3x leveraged structure of KORU amplifies upside elasticity during the rebound phase. Additionally, SK Group Chairman purchased approximately 4.8 billion won worth of SK Hynix shares on the prior trading day, signaling insider confidence.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)