On August 27, Direxion Daily MSCI South Korea Bull 3x Shares rose 8.44% in after-hours trading, trading at $22.47/share, with turnover of $18.4058 million.
On the news front, the Korean KOSPI index closed up 0.97% at 6808.21 points on August 26, with memory giants Samsung Electronics gaining nearly 2% and SK Hynix rising nearly 1%, extending the recovery rally following a prior deep-V reversal. Additionally, Samsung Electronics and SK Hynix plan to increase their supply of 8-layer HBM4 memory to NVIDIA in the second half. NVIDIA released its earnings report after U.S. market close on August 26, with market attention focused on Blackwell chip shipments and data center revenue guidance, further boosting expectations for the Korean memory sector. As a triple-leveraged product, KORU amplified the underlying index gains.
The fund invests at least 80% of its net assets in financial instruments providing daily leveraged exposure to the MSCI South Korea Index, which measures the performance of large- and mid-cap segments of the South Korean equity market, 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.)
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