On October 28, Direxion Daily MSCI South Korea Bull 3x Shares recorded an Overnight Rise of 8.35%, trading at $12.87, with turnover of $42.8121 million.
The move coincided with a sharp rally in Korean equities after SK Hynix reported strong third-quarter results driven by AI memory demand, while market attention also centered on an exceptionally large shareholder return plan that helped lift risk appetite toward heavyweight semiconductor stocks and Korea-linked leveraged products.
Before the Korean market open, SK Hynix reported third-quarter operating profit of 83.33 trillion won, up 631%, and revenue of 104.61 trillion won, up 327.9%. Korean stocks then opened more than 2% higher, with SK Hynix and Samsung Electronics advancing, and later reports indicated the KOSPI rose more than 5% as enthusiasm around SK Hynix's large-scale payout plan intensified.
The fund seeks daily leveraged exposure to the MSCI South Korea Index through swaps, ETFs, index securities, and related instruments, with at least 80% of net assets allocated to such positions. The index covers large- and mid-cap South Korean equities representing about 85% of free float-adjusted market capitalization and the fund 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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