🔴 KORU is trading 2.42% down today as Binance's 150x Kospi-linked derivatives fuel volatility

KORU is trading at $768.88, down 2.42% from its regular-session close, reflecting heightened volatility in South Korean equities.

• Binance's recent listing of KOSPI-linked derivatives, offering up to 150x effective leverage on the index, is fueling controversy and is seen as contributing to increased market volatility.
• This comes after a week of extreme price swings for KORU, a 3X leveraged ETF, amidst broader concerns about the South Korean stock market's concentration in AI chipmakers and recent sharp corrections.
• The after-hours decline appears to be driven by these ongoing market dynamics and inherent volatility within the leveraged structure.