On July 31, Direxion Daily MSCI South Korea Bull 3x Shares rose 8.17% overnight, trading at $17.67/share, with turnover of $70.53 million.

The rally was driven by the continued rebound in Korean equities following the historic two-day consecutive circuit breaker event on July 28-29. Samsung Electronics extended its recovery with a 7.2% gain to 223,500 Korean won, lifting the KOSPI index further off its lows.

The bounce follows an unprecedented sell-off in which the KOSPI index plunged as much as 13% on July 29, triggering circuit breakers for two consecutive sessions for the first time on record. SK Hynix fell over 17% to set its largest single-day decline, while Samsung Electronics dropped more than 10% with its market cap briefly falling below $900 billion. Retail investors executed capitulation selling with net disposals of 1.9 trillion won in KOSPI constituents during that session. The three-times leveraged structure of the fund amplifies the underlying index recovery, driving the sharp overnight gain as Korean markets stabilize.

The fund invests at least 80% of its net assets in financial instruments providing daily 3x leveraged exposure to the MSCI Korea Index, covering approximately 85% of the free float-adjusted market capitalization of South Korean issuers. 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.)