🟢 Korea Leveraged Equity ETF (KORU) is trading 7.22% up in pre-market on Korean semiconductor rebound

KORU is trading 7.22% up in pre-market, driven by a South Korean semiconductor rebound.

• The KOSPI jumped more than 6% on August 20 after falling 5.8% on August 19, as Samsung Electronics and SK Hynix rallied.
• SK Hynix announced a 40 trillion won share buyback and cancellation plan.
• Lower U.S. Treasury yields and a weaker dollar improved global risk appetite, supporting leveraged exposure to Korean stocks; short-covering and bargain buying followed KORU’s 24.21% decline on August 18.