Direxion Daily South Korea Bull 3X Shares is trading 11.4% up today as South Korean equities and semiconductor-linked stocks rebound following a period of extreme market volatility.
- The move follows a dramatic collapse in the ETF tied to KOSPI semiconductor weakness and Federal Reserve rate-hike fears.
- Traders are positioning for a technical bounce in Korean chip names amid improved global risk appetite and a tech-led recovery in U.S. markets.