US Stock Market Alert: 3x Long Korea ETF - Direxion (KORU.US) Plunges Nearly 20% in After-Hours Trading
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```htmlGolden Ten Data May 12|In the US stock market, Direxion Daily South Korea Bull 3X Shares (KORU.US) plunged nearly 20% in the current overnight trading session. In terms of news, after a certain exchange surged to approach the historical high of 8,000 points this morning, it experienced a dramatic plunge, with the exchange dropping over 5% at one point to 7,421.71 points. It is reported that BlackRock's nearly $23 billion iShares MSCI South Korea ETF recorded a net outflow of $970 million last week, marking the largest single-week withdrawal on record. The triple-leveraged product Direxion Daily MSCI South Korea Bull 3X ETF also saw an outflow of $240 million during the same period. This trend marks the end of the sustained strong capital inflows this year into this Asian AI core market. As profit-taking emerged, short-selling sentiment also heated up — according to S3 Partners data, the short interest in iShares MSCI South Korea ETF rose to 14.81%, the highest level since February 19.```
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