On July 16, Direxion Daily South Korea Bull 3X Shares (KORU) fell 8.41% overnight, trading at $20.11/share, with turnover of $22.9425 million.

On the news front, the Bank of Korea announced a 25 basis point rate hike to 2.75%, marking its first increase since January 2023. Following the decision, the KOSPI index plunged over 5% intraday, prompting the Korea Exchange to activate its SIDECAR mechanism to suspend program trading. Among heavyweight stocks, SK Hynix fell 10% and Samsung Electronics dropped 7%, with sustained selling pressure across the semiconductor sector.

Adding to market stress, the Korea Financial Investment Association on the same day proposed raising the minimum margin threshold for single-stock leveraged ETFs from 10 million KRW to 50 million KRW, as regulatory tightening further intensified downward pressure. The KOSPI had already entered a technical bear market after retreating over 20% from its June highs, with cumulative forced liquidations in July reaching 344.2 billion KRW.

The fund invests at least 80% of its net assets in financial instruments providing daily 3x leveraged exposure to an index designed to measure the performance of large- and mid-cap South Korean equities, 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.)