On August 4, Direxion Daily MSCI South Korea Bull 3x Shares rose 8.03% in pre-market trading, trading at $17.1613/share, with turnover of $21.5616 million.

On the news front, the Korean KOSPI index staged a dramatic V-shaped reversal during the session, falling more than 2% intraday before closing up 1.62% at 6,358.95 points. The Korean Finance Minister stated at a cabinet meeting that the government will focus on improving stock market structure and stability, with emphasis on accelerating ETF-related measures.

Meanwhile, Morgan Stanley upgraded Korean equities to Overweight with a target of 9,000 points, implying 36% upside from current levels. The firm noted that hedge fund deleveraging is approximately 75% complete, leveraged ETF assets have shrunk 70% from peak levels, and the positioning structure has improved significantly. KOSPI forward P/E has fallen to a historically extreme low of 5.7x. Morgan Stanley identified capital management initiatives, HBM4 pricing, and the iPhone 18 launch cycle as three core catalysts for the next leg higher.

The fund invests at least 80% of its net assets in financial instruments providing daily 3x leveraged exposure to the MSCI Korea 25/50 Index, covering 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.)