On July 20, Direxion Daily South Korea Bull 3X Shares (KORU) rose 8.82% overnight, trading at $19.76/share, with turnover of $14.4 million. The rebound follows a period of extreme selling pressure that saw the ETF plunge over 12% in a single session last week.

The bounce comes after Goldman Sachs and UBS issued reports noting that the global semiconductor selloff and momentum reversal wave have pushed Korean equities into a historic undervaluation zone. Both banks indicated that current valuations now present a positive risk-reward ratio, though they cautioned that near-term volatility will persist. The prior selloff was driven by the Bank of Korea's 25-basis-point rate hike to 2.75% on July 16 and the Financial Services Commission's aggressive tightening of single-stock leveraged ETF regulations, which together triggered a severe deleveraging cascade and KOSPI's eighth circuit breaker of the year.

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