KORU ETF (KORU) is trading 10.5% higher today, driven by a record-setting rally in the underlying South Korean stock market.
- The benchmark KOSPI index surged to an all-time high, gaining 3.68%, fueled by a rally in technology and AI-related stocks.
- Investor optimism was boosted by news ahead of Nvidia CEO Jensen Huang's visit to South Korea and his comments about using memory chips from Samsung Electronics, whose shares jumped over 10%.
- As a 3x leveraged ETF, KORU is amplifying the strong gains seen in the MSCI South Korea Index.