On June 18, Direxion Daily Technology Bull 3x (TECL) rose 5.12% overnight, trading at $226.0/share, with turnover of $3,172.14.

On the news front, the global semiconductor supply chain remains in a full-scale price upcycle, serving as the core catalyst for the tech sector. Japan-based suppliers have formally notified clients that tungsten hexafluoride will face effective supply cutoff starting July, while global silicon wafer leaders have completed two rounds of price increases this year. Sputtering target prices have surged over 40%, and semiconductor equipment makers are proactively requesting 3%-4% price hikes. SEMI has significantly raised its global front-end equipment market forecast to $152.2 billion, representing 23.5% year-over-year growth. AI computing demand continues to drive industry momentum upward, lifting the broader technology sector.

The fund invests at least 80% of its net assets in financial instruments that provide 3X daily leveraged exposure to the Technology Select Sector Index, which includes domestic companies from the technology sector. It is non-diversified.

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