On July 23, Direxion Daily MSCI South Korea Bull 3x Shares rose 8.14% overnight, trading at $22.38/share, with turnover of $15.41 million.

On the news front, Korean stocks staged a powerful rally on July 22, with KOSPI surging nearly 6% to reclaim 7,100 points, triggering the SIDECAR circuit breaker that halted programmatic buying. SK Hynix jumped over 8% and Samsung Electronics gained more than 5%, buoyed by double-digit gains in US memory stocks overnight. Samsung is also reportedly expanding NAND flash cooperation with NVIDIA.

Multiple Wall Street banks reinforced bottom signals. JPMorgan noted Korean leveraged ETF liquidation has completed approximately 75%, maintaining its overweight rating and 12-month KOSPI target of 12,500 points. Citi maintained its 10,000-point target with over 50% implied upside, while Morgan Stanley stated KOSPI is approaching its bottom with no weakening in storage shortage intensity.

The fund invests at least 80% of its net assets in financial instruments providing daily 3x 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.)