• Direxion Daily South Korea Bull 3X Shares surged 12.5% today as South Korean equities reached record highs, driven by strong performance in chipmakers and improved regional sentiment.
  • The rally in Asia follows the signing of an initial US-Iran deal, which has eased geopolitical tensions and boosted global risk appetite in certain markets.
  • This comes after a volatile week for South Korean equities, while global sentiment remained mixed due to the Federal Reserve's hawkish policy guidance on June 17, which dampened risk-on appetite elsewhere.
  • As a 3x leveraged fund, the ETF is seeing amplified gains amidst these market dynamics.