Why Direxion Korea Bull 3X (KORU) rose 8.51%
Direxion Korea Bull 3X (KORU) rose 8.51% on October 27, 2026 — AI optimism after US chip gains revives Korea.
What happened
South Korean stocks opened higher as AI optimism returned after US chip gains. SK Hynix rose 5.5% and Samsung Electronics rose 4.1%, leading the market and the Korea-tracking ETF EWY, which was up 2.8%.
Why it moved
KORU holds a fixed 3x multiple of the Korean market's daily move, so it amplified the rebound to roughly 3x, producing an 8.5% gain.
Why it matters
This sits in the Korea Tech theme, where AI memory demand has lifted SK Hynix and KOSPI flows. The rebound follows the same AI-chip linkage that has driven Korean semis.
What would break the thesis
Leverage cuts both ways. If US AI leaders reverse sharply or Korea-specific selling overwhelms the open, KORU will fall roughly 3x the market's decline, and the Korea Tech theme's broader breakdown on policy and rate…