On July 24, Direxion Daily MSCI South Korea Bull 3x Shares fell 8.45% in pre-market trading, trading at 20.23 USD/share, with turnover of approximately 20,000 USD.

On the news front, Korea's KOSPI index plunged 5.72% to close at 6,690.62 points, with KOSPI futures declining over 5% intraday and triggering a five-minute trading halt. SK Hynix tumbled 7.7% while Samsung Electronics fell over 6%, abruptly ending a three-day rally that had accumulated an 8.9% gain. Market concerns intensified that US tech giants may slow artificial intelligence capital expenditure, weighing heavily on Asian semiconductor manufacturers. Oil prices remaining above $100 per barrel further dampened sentiment.

JPMorgan previously noted that leveraged ETF unwinding in Korean equities was approximately 75% complete, but retail investors have since re-leveraged through CFDs concentrated in chip stocks, with KOSPI CFD long positions approaching historical peaks. This renewed leveraged positioning amplified downside volatility, dragging the triple-leveraged ETF sharply lower.

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