On July 24, Direxion Daily MSCI South Korea Bull 3x Shares declined 10.39% in regular trading, trading at $19.7939/share, with turnover of $134 million.

On the news front, the Korean KOSPI index plunged 5.72% to close at 6690.62 points, with KOSPI futures triggering a five-minute trading halt after falling more than 5%. SK Hynix tumbled 7.7% and Samsung Electronics dropped over 6%, abruptly ending a three-day rally that had accumulated gains of 8.9%. Market concerns centered on U.S. tech giants potentially slowing artificial intelligence capital expenditure, which would weigh on the outlook for major Asian chipmakers. Additionally, oil prices remaining above $100 per barrel further dampened sentiment.

Korean retail investors have re-leveraged into chip stocks via CFDs, with positions approaching historical highs, amplifying market volatility. While JPMorgan previously noted that leveraged ETF unwinding was approximately 75% complete, the renewed speculative positioning intensified the selloff, dragging this 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.)