On September 21, Direxion Daily MSCI South Korea Bull 3x Shares rose 8.73% in regular trading, trading at $21.55/share, with turnover of $119 million. The rally was driven by record-breaking South Korean export data that fueled a broad surge in Korean equities.
According to South Korean customs data released on September 21, exports during the first 20 days of September soared 78% year-over-year to $71.4 billion, marking the highest 20-day performance on record. Chip exports surged 259% to $34.12 billion, accounting for 47.8% of total exports, as sustained global AI demand continued to fuel semiconductor shipments for a 15th consecutive month of growth. Imports rose 26.7% to $48.4 billion, yielding a trade surplus of $2.3 billion. Petroleum products and automobile exports also climbed 47.8% and 9.3%, respectively. The KOSPI index opened 0.6% higher and extended gains to 1.1%, with the three-times leveraged structure of this ETF amplifying the underlying market move.
The fund invests at least 80% of its net assets in financial instruments such as swap agreements and ETFs that track the MSCI South Korea Index, which covers 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.)