🔴 South Korea Bull 3X ETF (KORU) is trading 3.3% down in pre-market amid profit-taking

KORU is trading at $19.65 (-3.30%) in pre-market, apparently driven by profit-taking after surging 15.19% on August 12.

• Overnight fundamentals were supportive: the KOSPI opened nearly 3% higher, led by Samsung Electronics and SK hynix semiconductor gains.
• Softer U.S. inflation reduced September Fed-hike expectations, boosting Asian risk appetite as U.S. AI stocks strengthened.
• The conflicting direction suggests KORU’s thin, leveraged pre-market pricing reflects short-term repositioning rather than fresh negative Korea news.