Why Direxion Korea Bull 3X (KORU) rose 15.45%
Direxion Korea Bull 3X (KORU) rose 15.45% on October 28, 2026 — SK Hynix earnings boost lifts Korea rally.
What happened
Korean stocks rallied across Asia as SK Hynix's earnings boosted the AI trade, and the Korea index ETF (EWY) rose 5.1% ahead of a Fed decision.
Why it moved
KORU holds a fixed 3x multiple of its underlying market, so it roughly tripled EWY's 5.1% move. The Korea rally is the driver here, and the fund amplified it.
Why it matters
This is the Korea Tech theme, where Korea's memory giants are the main AI-infrastructure exposure in the region. Leveraged Korea exposure makes that theme's swings much larger.
What would break the thesis
Korea is concentrated in a few memory names, so a reversal in SK Hynix or Samsung would hit the fund hard. The Fed decision could also shift the regional risk trade in either direction.