🔴 South Korea Bull 3X ETF (KORU) is trading 11.5% down in pre-market on Korea tech selloff

KORU is trading at $20.42 (-11.49%) as a sharp South Korean equity selloff hits technology stocks.

• The KOSPI opened roughly 3.1% lower and closed down 3.26%; SK Hynix and Samsung Electronics fell amid concerns about an AI-growth slowdown.
• Higher Middle East-related oil prices, elevated Treasury yields, and increased expectations for a September Federal Reserve rate hike pressured Korea’s technology-heavy market and weakened the won.
• KORU targets 300% of the MSCI Korea Index, magnifying the underlying decline.