On July 24, Direxion Daily MSCI South Korea Bull 3x Shares declined 8.13% overnight, trading at $20.24/share, with turnover of $53.64 million.

On the news front, Korean chip stocks retreated broadly, with SK Hynix falling 5.0% to 1,823,000 KRW and Samsung Electronics dropping 4.4%, ending a prior three-day strong rebound. KOSPI had previously rallied 8.9% over three consecutive sessions to reclaim 7,000 points, but the pullback in heavyweight semiconductor names signals that the recovery following leverage unwinding remains fragile. Japanese and Korean markets both opened lower, with KOSPI down 1.4% at the open to 7,000.78 points.

JPMorgan noted in a recent report that approximately 75% of leverage ETF liquidation has been completed, yet Korean retail investors have re-accumulated leveraged CFD positions near record highs concentrated in SK Hynix and Samsung, raising the risk of forced liquidations amplifying further volatility.

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.)