KORU is trading 5.1% down in pre-market as investors maintain cautious positioning following extreme volatility and deleveraging in South Korean equity markets.
- Despite a 7.04% overnight surge in the Kospi and a rebound in chip stocks, risk appetite remains fragile due to recent market crashes.
- Recent deleveraging in leveraged Korean ETFs has kept volatility elevated, driving the pullback in the 3x bull product.
- Market participants are closely watching for stability after sessions of extreme swings in South Korean equities and related financial products.