On July 15, Direxion Daily South Korea Bull 3X Shares (KORU) fell 9.25% in regular trading, trading at $21.85/share, with turnover of $248 million. Despite the KOSPI index surging 6.24% to reclaim 7,200 points, the leveraged product faced heavy selling pressure.

On the news front, the Korea Financial Investment Association convened an emergency meeting with major brokerage CEOs, proposing to raise the minimum margin threshold for single-stock leveraged ETFs from 10 million KRW to 50 million KRW to curb excessive retail leverage. Additionally, Korea's four major economic agencies and the central bank rate decision are both scheduled for July 16, with markets widely expecting a 25-basis-point hike to 2.75%.

Context shows that KOSPI had plunged nearly 9% on July 13, triggering circuit breakers, with cumulative forced liquidations reaching 344.2 billion KRW in July. The liquidation data carries a two-day lag, meaning clearing pressure from the earlier crash may not yet be fully reflected.

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 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.)