On July 27, Direxion Daily MSCI South Korea Bull 3x Shares rose 9.36% in pre-market trading, trading at $19.51/share, with turnover of $4.8789 million.

On the news front, NVIDIA and SK Group announced a landmark commercial partnership valued at $500 billion to build AI infrastructure meeting global computing demands. SK Hynix and NVIDIA established a long-term AI memory partnership to ensure stable supply of next-generation AI memory chips. The deal directly benefits South Korea's semiconductor heavyweights, which dominate the KOSPI index tracked by this leveraged ETF.

The rally comes after a period of significant volatility. On July 24, the KOSPI index plunged 5.72% triggering a circuit breaker, with SK Hynix falling 7.7% and Samsung Electronics dropping over 6%. Morgan Stanley previously noted that approximately 75% of leveraged ETF unwinding in Korean equities had been completed, suggesting selling pressure had largely been absorbed. The combination of a massive new AI investment commitment and easing technical overhang provided a catalyst for the oversold rebound in Korean chip stocks.

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