KORU is trading 12.6% down today as South Korean equities weaken and recent chip-led gains reverse.
- The fund’s 3x leverage is magnifying downside moves in the MSCI Korea 25/50 Index, with significant pressure coming from technology and semiconductor holdings.
- Broader risk-off sentiment toward high-valuation tech and AI-related plays is driving an outsized pullback following a strong rebound earlier in the week.