Why Direxion Korea Bull 3X (KORU) fell 7.04%
Direxion Korea Bull 3X (KORU) fell 7.04% on August 10, 2026 — Won nears 1,400 — Korea tech selloff on FX stress.
What happened
The Korean won breached 1,400 per dollar, marking the sharpest swings since the 2008 financial crisis—a sharp reversal from months of AI-driven strength.
Why it moved
A weaker won signals foreign investor flight and macro stress in Korea; since KORU is a 3× leveraged long Korea ETF, currency weakness and equity selloff compound downward.
Why it matters
Korea Tech (Samsung, SK Hynix, and the broader index) had ridden AI chip and HBM demand plus a strong won, but geopolitical risk and foreign outflows have reversed the rally—the won carry unwind is the primary repricing…
What would break the thesis
If authorities intervene to support the won or if foreign flows stabilize, the leverage works in reverse; a snapback below 1,380 would invalidate the downside thesis.
Sources
- Won nears 1,400 after sharpest swings since financial crisis — Korea Herald