Direxion Daily MSCI South Korea Bull 3X ETF

KORU

Market cap $1.37B

Lee Seung-ho watched the nearly 300 million won ($202,515) stock trading fortune he built with ‌a 500% margin loan evaporate in just four weeks in May, but he plans to borrow again and return to the market the moment he has enough capital.

The Financial Services Commission said Thursday that it would suspend new listings of single-stock leveraged ETFs.

South Korea's central bank raised its base rate for the first time in three-and-a-half years, joining global peers in tightening monetary policy to counter inflationary pressures fueled by the U.S.-Iran conflict.

The Direxion Daily MSCI South Korea Bull 3X Shares (NYSEARCA:KORU) is Tuesday's standout ETF mover, rising roughly 15% intraday as Korean memory chipmakers stage a sharp rebound behind an SK Hynix HBM4 milestone with NVIDIA.

Investors are just a few weeks removed from digesting the SpaceX (SPCX) initial public offering (IPO), but another big IPO is coming on Friday, July 10, in the form of South Korean memory semiconductor giant SK Hynix. To be clear, that chip stock already trades in its home country.

The cumulative impact of several different narratives – competition, sustainability, excessive leverage, international outflows- has sapped the Korean market of its upward mobility since clocking up a record high in June.

South Korean shares fell sharply for a third consecutive session on Wednesday, with heavy losses in semiconductor stocks and growing concerns over AI-related valuations dragging the benchmark index into bear market territory. The sharp decline followed an early rebound in the session.

Elevated inflation in the country is likely to strengthen the case for the central bank to tighten monetary policy at its rate-setting meeting later this month.

Exports were powered by the unabated demand for advanced chips to fuel the global artificial-intelligence boom, resulting in their largest increase in nearly five decades.

New York, United States, June 26, 2026 (GLOBE NEWSWIRE) -- Direxion to Split Nine ETFs New York, United States, June 26th, 2026, NewsDirect Corrected CUSIPs for TECS and SOXS Direxion announced on June 10, 2026 it will execute forward share splits for two of its exchange-traded funds (“ETFs”), as well as reverse share splits for an additional seven ETFs. The total market value of the shares outstanding will not be affected as a result of these splits, except with respect to the redemption of fractional shares, as outlined below.