On July 14, Direxion Daily South Korea Bull 3X Shares (KORU) rose 9.4% in regular trading, trading at $460.93/share, with turnover of $540 million. The surge followed a dramatic V-shaped reversal in Korean equities during the Asian session.

On the news front, the Korean KOSPI index staged a remarkable recovery on July 14, plunging as much as 5% intraday to break below 6,500 before rebounding sharply to close up 0.73% at 6,856.83 points. The Korea Exchange activated its SIDECAR mechanism to halt programmatic selling during the downturn. This reversal came after Monday's 8.95% crash that triggered the seventh circuit breaker of the year, driven by forced deleveraging of single-stock leveraged ETFs.

Supporting the recovery, Korean authorities announced that the F4 high-level coordination mechanism — comprising the Finance Ministry, Financial Services Commission, Bank of Korea, and Financial Supervisory Service — will convene Thursday to discuss regulatory measures on single-stock leveraged ETFs. Goldman Sachs characterized the selloff as a liquidity-driven position washout rather than fundamental deterioration, suggesting an opportunity for bottom-fishing in memory and tech names.

(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.)