On July 9, Direxion Daily South Korea Bull 3X Shares (KORU) fell 12.71% in pre-market trading, trading at $510.15/share, with turnover of $24.376 million.

On the news front, Bank of Korea Governor Shin Hyun-song explicitly stated in parliament that the central bank will raise its benchmark rate at an appropriate time, citing persistent inflation above the 2% target, steady economic recovery, and rising financial stability risks. Markets widely expect a rate hike announcement at the July 16 monetary policy meeting, which would be the first increase since August 2021.

The KOSPI index has fallen more than 20% from its June all-time high, officially entering a technical bear market. Samsung Electronics and SK Hynix, along with leveraged ETFs, now account for over 70% of Korean equity trading volume, and the market has triggered circuit breakers six times this year. The triple-leverage structure further amplifies the underlying asset decline, while foreign investors have reduced holdings from a peak of 39.7% to 38.3%, intensifying selling pressure across the board.

The fund invests at least 80% of its net assets in financial instruments providing daily 3x leveraged exposure to large- and mid-cap South Korean equities covering approximately 85% of free float-adjusted market capitalization. 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.)