🔴 KORU is trading 8% down today after Kospi selloff and leverage unwind

KORU is trading 8% down in pre-market as it amplifies overnight weakness in South Korea’s equity market and a broader unwinding in leveraged Korea trades.

• The Kospi index experienced a steep drop and trading halts, leading to outsized moves for this 3x leveraged ETF.
• The selloff persists despite U.S. index futures trading higher, reflecting a decoupling from broader global sentiment.
• Market commentary highlights a significant unwinding of leveraged positions following the sharp downturn in South Korean equities.