On August 19, Direxion Daily MSCI South Korea Bull 3x Shares rose 8.97% overnight, trading at $19.49/share, with turnover of $143 million. The rebound follows a brutal prior-session decline of over 15%, as the KOSPI index plunged nearly 7% intraday and triggered circuit breakers, leaving the leveraged ETF severely oversold.

On the news front, Soros Capital's Q2 13F filing revealed that the iShares MSCI South Korea ETF became its top holding as a new position, with approximately 212,200 shares valued at $42.84 million, representing 7.66% of the portfolio. Soros Capital's total holdings surged from $230 million to $560 million quarter-over-quarter, reflecting aggressive conviction in the AI compute supply chain. Additionally, M&G Investments increased its Korean government bond holdings, arguing the market has overpriced rate hikes and that AI-driven chip tax revenue growth will reduce bond supply. These institutional contrarian moves boosted expectations for a technical rebound in Korean tech stocks, with the three-times leverage amplifying the recovery.

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.)