On August 25, Direxion Daily MSCI South Korea Bull 3x Shares rose 8.37% in pre-market trading, trading at $20.389/share, with turnover of $11.73 million.
On the news front, Korea's KOSPI index staged a dramatic deep-V reversal on August 25, plunging as much as 4.3% to 6408.82 in early trading before recovering sharply to close up 0.68% at 6742.73. Storage heavyweights Samsung Electronics and SK Hynix both erased earlier losses to finish in positive territory. The prior session, Samsung had tumbled 8.7% after its shareholder return plan of 90-110 trillion KRW fell short of some investors' expectations of 150 trillion KRW, dragging KOSPI down 3.12% and sending KORU down 8.52%. The current pre-market rebound largely corresponds to the KOSPI recovery amplified by the fund's triple-leverage mechanism.
The fund invests at least 80% of its net assets in financial instruments providing daily leveraged exposure to the MSCI Korea Index, which covers approximately 85% of the free float-adjusted market capitalization of South Korean issuers.
(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.)