On July 28, Direxion Daily MSCI South Korea Bull 3x Shares fell 17.84% in pre-market trading, trading at $14.5759/share, with turnover of $8.9596 million. The ETF extended the prior session's sharp decline.

On the news front, despite NVIDIA and SK Group announcing a $500 billion AI infrastructure partnership and Korean firms reaching $950 billion in total semiconductor cooperation deals with global tech giants, the positive catalysts failed to sustain a rally, exhibiting a classic buy-the-rumor-sell-the-news pattern. The ETF had surged over 9% in pre-market on July 27 on the cooperation headlines before reversing sharply intraday.

JPMorgan noted that deleveraging of Korean leveraged ETFs is approximately 75% complete, with residual unwinding pressure still weighing on markets. The KOSPI index plunged 5.72% on July 24, triggering a circuit breaker, with SK Hynix falling over 8% and Samsung Electronics dropping over 7%. The 3x leverage structure continues to amplify downside volatility amid ongoing forced liquidations.

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.)