Movement Alert|Direxion Daily MSCI South Korea Bull 3x Shares Rises 8.02% in Regular Trading, Korean Stocks Rebound Post-Holiday as Chip Export Boom Extends

Market Focus
Sep 26

On September 26, Direxion Daily MSCI South Korea Bull 3x Shares rose 8.02% in regular trading, trading at $21.735/share, with turnover of $310 million.

On the news front, the Korean stock market entered a rebound window following the September 24 holiday closure. Korean customs data showed that exports during the first 20 days of September surged 78.3% year-over-year to $71.4 billion, marking the highest level on record. Semiconductor shipments led the rally, skyrocketing 259.4% to $34.12 billion, while petroleum products and automobile exports rose 47.8% and 9.3%, respectively. Cumulative exports for the year through September 20 reached $764.9 billion, with a trade surplus of $225.5 billion.

The OECD recently raised its Korean economic growth forecast sharply to 3.7%, the largest upward revision among G20 nations, citing robust semiconductor-driven export performance. Additionally, the Philadelphia Semiconductor Index recently hit its highest closing level since mid-July, as global memory chip names including Micron Technology and SK Hynix posted strong gains. As a triple-leveraged product, KORU amplified the underlying Korean equity rebound significantly.

The fund invests at least 80% of its net assets in financial instruments providing daily leveraged exposure to 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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10