On August 25, Direxion Daily MSCI South Korea Bull 3x Shares rose 8.74% in regular trading, trading at $20.4726/share, with turnover of $129 million.
On the news front, South Korea's KOSPI index staged a dramatic deep V reversal during the Asian session, plunging as much as 4.3% to 6408.82 points in early trading before rallying sharply to close up 0.68% at 6742.73 points. Heavyweight semiconductor stocks Samsung Electronics and SK Hynix both erased earlier losses to finish in positive territory. The rebound follows the prior session's sharp sell-off, in which Samsung Electronics plunged 8.7% after its shareholder return plan fell short of some investors' expectations of 150 trillion Korean won, dragging KOSPI down 3.12% and KORU down 8.52%. The current session's gain of approximately 8.74% closely corresponds to the three-times leveraged amplification of the Korean benchmark's recovery.
The fund invests at least 80% of its net assets in financial instruments providing daily leveraged exposure to the MSCI Korea Index, which covers 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.)