Why Direxion Korea Bull 3X (KORU) rose 3.43%
Direxion Korea Bull 3X (KORU) rose 3.43% on September 22, 2026 — SK hynix Indiana fab deal boosts Korea Tech.
What happened
HanmiGlobal secured a contract to manage construction of SK hynix's Indiana fab through 2028, anchoring a major U.S. capacity expansion for Korean memory manufacturing.
Why it moved
The deal signals continued Korean tech leadership in securing U.S. government support and capex flow for advanced fab builds; KORU, a Korea tech 3X bull ETF, moves in sympathy with positive Korea semiconductor catalysts…
Why it matters
Part of the Korea Tech rally—Korean chipmakers are winning U.S. capacity contracts and cementing their role in the global AI memory supercycle, driving investor confidence in the broader Korea semiconductor and tech…
What would break the thesis
If U.S. onshore fab builds slow, face cost overruns, or Korea's competitive edge in advanced nodes weakens, the Korea tech theme loses its capex tailwind and the ETF's momentum reverses.