On June 25, Direxion Daily South Korea Bull 3X Shares (KORU) rose 18.66% in regular trading, trading at 879.9 USD/share, with turnover of $245 million.
The surge was driven by a powerful recovery in the Korean KOSPI index, which rebounded over 6% to reclaim the 9000-point level after plunging nearly 10% on June 23 and triggering circuit breakers. SK Hynix surged 15% intraday to a new all-time high, while Samsung Electronics rallied sharply.
Key catalysts included Samsung Electronics reportedly planning a stock buyback of approximately 90 trillion KRW, covering around 290 million shares or 5% of its free float, compressing available supply. Additionally, JPMorgan raised its KOSPI base-case target to 12,500 points and bull-case target to 15,000 points, citing AI chip earnings strength and room for further retail inflows.
As a triple-leveraged product tracking South Korean large- and mid-cap equities covering approximately 85% of free float-adjusted market capitalization, KORU's daily rebalancing mechanism significantly amplified the underlying index rebound.
(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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