KORU: Tuesday's 22% Drop Is A Warning For This 3x Levered South Korea Fund

The South Korean equity market is now heavily concentrated, with Samsung and SK Hynix comprising a large chunk of overall assets. Korea-based funds are behaving increasing like tech/semiconductor ETFs with mounting sector-specific risk. I see 3x leverage as particularly unsuitable for South Korean stocks given the risk of massive volatility in the asset's top holdings.