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.)