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Semiconductor ETFs Plummet at US Market Open, Direxion 3x Korea ETF Down 35%

On June 23rd, at the opening of the US stock market, the Direxion Daily MSCI South Korea Bull 3X Shares (KORU) plummeted 35%. The Direxion Daily Semiconductor Bull 3X Shares (SOXL) fell 22%. The Direxion Daily S&P Semiconductor Bull 2X Shares (SSNL) and the Direxion Daily Technology Bull 2X Shares (TECL) both dropped over 22%, while the Direxion Daily Technology Bull 2X Shares (TECL) fell 18%.

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