On July 13, Direxion Daily South Korea Bull 3X Shares (KORU) fell 24.6% in pre-market trading, trading at approximately $424.30/share, with turnover of $20.43 million.

The decline was driven by a severe sell-off in Korean equities. The KOSPI index plunged over 8% intraday, triggering its seventh circuit breaker this year and breaching the 7,000-point level. The immediate catalyst was local brokerage KIS forecasting SK Hynix Q2 operating profit at 60.4 trillion won, approximately 8% below the market consensus of 65 trillion won. SK Hynix subsequently crashed 15.4%, its largest single-day decline on record, while Samsung Electronics fell over 9%.

Compounding the pressure, the Bank of Korea is widely expected to announce a rate hike at its July 16 monetary policy meeting — the first increase since August 2021. The triple-leveraged structure of KORU mechanically amplifies these losses, while ongoing foreign capital outflows and the self-reinforcing rebalancing mechanism of leveraged ETFs continue to intensify downside momentum across Korean markets.

(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.)