On July 27, Direxion Daily MSCI South Korea Bull 3x Shares rose 14.17% overnight, trading at $19.95/share, with turnover of $4.0153 million.

On the news front, Korean chip heavyweight stocks are extending a recovery rally following the KOSPI index plunge of 5.72% on July 24 that triggered a circuit breaker. JPMorgan previously noted that approximately 75% of leveraged ETF deleveraging in Korean equities has been completed, indicating selling pressure has been substantially released. Meanwhile, the Korean National Pension Fund turned net buyer in July for the first time this year, purchasing a net 68.4 billion won in KOSPI constituents, with SK Hynix receiving 425.8 billion won in net inflows. The combination of easing deleveraging pressure, institutional re-entry, and sustained AI-driven storage chip demand expansion has fueled recovery expectations for oversold Korean chip stocks, driving the triple-leveraged ETF sharply higher.

The fund invests at least 80% of its net assets in financial instruments providing daily leveraged exposure to the MSCI South Korea Index, which covers 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.)