Direxion Daily MSCI South Korea Bull 3X Shares (KORU) Drops 42% in Single Session Amid Market Volatility
The Direxion Daily MSCI South Korea Bull 3X Shares ETF (NYSEARCA: KORU), a triple-leveraged fund, fell by nearly half on June 5, 2026 after the underlying iShares MSCI South Korea ETF (EWY) dropped 14%. The sharp decline was driven by deteriorating sentiment in the Korean market and concerns over memory chip demand. This volatility highlights risks associated with leveraged ETFs during large swings.
Topics: AVGO guidance KORU leverage memory chips South Korea ETF