On July 6, 3x Bull Korea ETF-Direxion rose 15.99% in regular trading, trading at $628.09/share, with turnover of $148 million. Multiple catalysts converged to drive the leveraged ETF sharply higher.

On the news front, South Korea officially launched round-the-clock KRW/USD spot trading on July 6, widely regarded as the most fundamental foreign exchange regime reform since 1997, aimed at boosting capital market competitiveness and advancing toward MSCI Developed Market reclassification. Additionally, the KOSPI index staged a dramatic V-shaped recovery on July 3, swinging nearly 10% intraday before closing up 5.76%, with Samsung Electronics surging over 8% and SK Hynix rallying over 10%.

Goldman Sachs maintained its 12-month KOSPI target of 12,000 points, implying over 20% further upside, supported by 320% full-year earnings growth expectations and historically low valuations at 6.65x. The firm noted that while volatility may remain elevated in the second half, broader thematic opportunities across industrials, energy, governance reform, and semiconductor capex chains could drive further gains.

The fund invests at least 80% of its net assets in financial instruments providing 3x daily 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.)