---
symbol: "KORU"
name: "Direxion Korea Bull 3X"
date: 2026-11-06
change_pct: -29.05719180202679
direction: "down"
event_type: "leveraged_tracking"
url: "https://perplo.app/why/KORU/2026-11-06"
updated_at: 2026-11-06T02:07:26.040Z
---

# Why Direxion Korea Bull 3X (KORU) fell 29.06% on November 6, 2026

Direxion Korea Bull 3X (KORU) fell 29.06% on November 6, 2026 — Midterm sweep sparks AI selloff; Hynix leads.

## What happened

KORU, a 3× daily-leveraged fund on Korean stocks, fell 29.1% as its underlying market dropped, with the iShares Korea ETF (EWY) down 8.2%.

## Why it moved

The fund targets a fixed multiple of its index's daily move, so a roughly 8% drop in Korean equities amplified to about 3× in the fund.

## Why it matters

Korean equities are a core expression of the Korea Tech theme, where the HBM and DRAM upcycle lifted Samsung and SK Hynix.

## What would break the thesis

Leveraged funds reverse as sharply as they fall, so a rebound in SK Hynix and Samsung would flip this quickly. Holding through volatility carries real risk, since daily leverage compounds losses on choppy days.

## Sources

- [NASDAQ ERASES $2.5 TRILLION AS DEMOCRATIC SWEEP SPARKS AI SELLOFF](https://t.me/marketfeed/1072150) — MarketFeed
- [CHINA SEEKS DEEPER AND MORE CONSTRUCTIVE RELATIONS WITH NORTH KOREA, FOREIGN MINISTER WANG YI SAYS](https://t.me/marketfeed/1071369) — MarketFeed
- [SEOUL AND WASHINGTON ANALYSING INFORMATION ON NORTH KOREAN MISSILES, SOUTH KOREA'S DEFENCE MINISTRY SAYS.](https://t.me/marketfeed/1070586) — MarketFeed

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