On July 27, Direxion Daily MSCI South Korea Bull 3x Shares fell 8.49% in regular trading, trading at $16.25/share, with turnover of $237 million. The ETF had surged over 9% in pre-market on news that NVIDIA and SK Group announced a $500 billion AI infrastructure partnership, but sharply reversed course during the regular session, fully erasing those gains.

The partnership includes a long-term AI memory collaboration between SK Hynix and NVIDIA to ensure stable supply of next-generation AI memory. However, broader structural headwinds overwhelmed the positive catalyst. The KOSPI index plunged 5.72% on July 24, triggering a circuit breaker, with SK Hynix falling over 8% and Samsung Electronics dropping more than 7%. Morgan Stanley previously noted that Korean stock leveraged ETF unwinding had completed approximately 75%, but retail investors re-leveraged chip stocks via CFDs near historical highs, amplifying market volatility and sustaining downward pressure on this triple-leveraged product.

The fund invests at least 80% of its net assets in financial instruments providing daily leveraged exposure to the MSCI South Korea Index, covering approximately 85% of the free float-adjusted market capitalization of South Korean issuers. It is non-diversified.

(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.)