On July 22, Direxion Daily MU Bull 2X Shares rose 5.39% in after-hours trading, trading at 35.99 USD/share, with turnover of approximately 35.03 million USD.
On the news front, the Korean KOSPI index surged over 5%, with SK Hynix rallying more than 8% and Samsung Electronics gaining 5.6%. The Korean president urged financial regulators to swiftly take necessary measures regarding single-stock leveraged ETFs, further alleviating market panic stemming from prior regulatory tightening. The storage sector collectively recovered in overnight trading, extending the repair trend following the sharp sell-off triggered by South Korea's Financial Services Commission tightening leveraged ETF regulations. As a 2x leveraged ETF, the product's design characteristics further amplified the rebound magnitude of its underlying asset, Micron Technology.
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