On September 1, Direxion Daily MSCI South Korea Bull 3x Shares declined 8.02% in regular trading, trading at $19.28/share, with turnover of $313 million.

On the news front, the Bank of Korea raised its benchmark interest rate by 25 basis points for the second consecutive time on August 27 to 3.0%, with the six-month dot plot median forecast further lifted to 3.25%. The stronger Korean won has weighed on export-oriented corporate valuations. Meanwhile, the KOSPI index opened down 0.52% on September 1 after falling more than 3% intraday in the prior session. The global semiconductor sector also faced broad selling pressure, with memory chip stocks weakening collectively — Micron Technology fell 1.89% and SK Hynix dropped 3.06% in recent sessions, further dragging on Korean market sentiment.

As a triple-leveraged product, KORU amplifies the losses of its underlying Korean benchmark index, magnifying the combined impact of monetary tightening and tech sector headwinds.

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