🟢 Korea Leveraged Equity ETF (KORU) is trading 2.3% up today as dip-buying counters geopolitical tensions

KORU is trading at $19.62, up 2.29%, likely reflecting short-term dip-buying.

• KORU is rebounding after its 8.49% September 1 decline, despite continued volatility.
• Renewed U.S.-Iran tensions, higher oil prices, and rising bond yields remain the key macro backdrop.
• South Korea’s KOSPI fell 3.99% on September 2 as geopolitical and inflation concerns pressured equities; the gain likely reflects leveraged ETF volatility rather than clear improvement in Korean fundamentals.