On July 30, Direxion Daily MSCI South Korea Bull 3x Shares rose 18.42% in regular trading, trading at $14.2/share, with turnover of $303 million.

On the news front, Korean equities staged a sharp rebound after suffering back-to-back circuit breakers — a first in recorded history. Samsung Electronics extended gains by 7.2% to 223,500 KRW, lifting the KOSPI index. The prior session on July 29 saw KOSPI plunge over 12% intraday, triggering the market-wide circuit breaker for the second consecutive day, with SK Hynix falling over 17% to a record single-day loss and Samsung losing more than 10%.

The recovery comes amid divergent views on deleveraging progress. One major bank assessed that hedge fund deleveraging is approximately 90% complete and leveraged ETF assets have shrunk from $50 billion to $17 billion, bringing KOSPI valuations to crisis-level 5x earnings. However, another institution noted retail margin balances remain elevated at roughly $22 billion, only 15% off their peak, suggesting further risk ahead.

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