On July 31, Direxion Daily MSCI South Korea Bull 3x Shares rose 9.64% in pre-market trading, trading at $17.567/share, with turnover of $31.57 million.

On the news front, the Korean KOSPI index surged as much as 18% intraday to above 6,600 points, marking its largest single-day gain on record. The rally was triggered by an overnight rebound in US technology stocks and stabilizing expectations around global AI capital expenditure. SK Hynix soared 29% and Samsung Electronics gained 26%, leading the recovery.

The historic rebound followed consecutive trading days of sharp declines that saw KOSPI trigger circuit breakers for the first time on back-to-back sessions. JPMorgan noted that the core driver of the prior selloff — leveraged ETF deleveraging — is largely complete, with leveraged ETF assets shrinking from $50 billion to $17 billion and hedge funds approximately 90% through their de-leveraging process. Additionally, SK Group Chairman invested approximately 4.8 billion won to purchase 3,620 shares of SK Hynix, widely interpreted as a confidence vote in the company's long-term AI prospects. The 3x leveraged structure amplifies upside momentum during the rebound phase.

The fund invests at least 80% of its net assets in financial instruments providing daily leveraged exposure to the MSCI South 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.)