On August 13, Direxion Daily MSCI South Korea Bull 3x Shares rose 8.22% in regular trading, trading at $21.97/share, with turnover of $3.62 billion.

On the news front, the Korean KOSPI index closed up 3.21% at 6,790.01 points, accumulating approximately 23% gains from the July 30 low and officially entering a technical bull market. Samsung Electronics gained 3.9% and SK Hynix surged 5.9%, with both storage chip leaders serving as the primary drivers of the rally.

Multiple catalysts converged to fuel the rebound: global tech giants continued to ramp up AI capital expenditure, US inflation data came in moderate, Korean market deleveraging neared completion with volatility declining and margin balances contracting significantly, and investor bullish sentiment toward the Korean won turned positive for the first time in over 10 months. These factors triggered aggressive short covering, with the triple-leveraged ETF further amplifying the rebound magnitude.

The fund invests at least 80% of its net assets in financial instruments providing daily 3x leveraged exposure to the MSCI Korea 25/50 Index, covering 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.)