KORU is trading at $22.34 (2.7% up) in after-hours action, extending a sharp rebound driven by a tech-led recovery in South Korean equities and price normalization following its recent reverse split.
- The 3x leveraged ETF is benefiting from broader risk-on sentiment across global technology and Asian markets following the sector-wide rout on July 17.
- South Korean equities are seeing renewed buying interest as the fund's price structure stabilizes after the reverse-split adjustment.
- The move marks a significant bounce from the July 21 close of $21.75, as investors seek leveraged exposure to the rebound in the MSCI Korea index.