Direxion Daily MSCI South Korea Bull 3x Shares (KORU) plummeted 15.75% in pre-market trading on Thursday.
The leveraged exchange-traded fund's sharp decline followed a 4.47% drop in South Korea's benchmark KOSPI index, which was part of a broader global market selloff triggered by former U.S. President Donald Trump's speech detailing military actions against Iran. The address sparked risk-off sentiment across financial markets, leading to significant declines in Asian equities.
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