Why Direxion Korea Bull 3X (KORU) rose 6.47%
Direxion Korea Bull 3X (KORU) rose 6.47% on November 12, 2026 — BMW battery wins lift Korea; Samsung, Hynix lead.
What happened
Korean stocks rallied, with EWY up 2.4%, led by Samsung Electronics (+5.7%) and SK Hynix (+4.4%). Battery-cell deals from Samsung SDI and LG Energy Solution with BMW were the named driver of the move.
Why it moved
This fund holds a fixed 3x multiple of the Korean market's daily move, so the market's roughly 2.4% gain was amplified to about 6.5%.
Why it matters
Korea Tech is a basket of Samsung, SK Hynix and battery makers that trade as a proxy for the global AI and EV hardware cycle.
What would break the thesis
The fund compounds the market's moves in both directions, so a pullback in Samsung Electronics or SK Hynix would hit it roughly three times as hard.