KORUB rose nearly 18% in 24 hours, with its market capitalization climbing to $22.65 million.
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According to market data, South Korea Bull 3X ETF (KORUB) rose nearly 18% in 24 hours, with its market capitalization reaching $22.65 million and 24-hour trading volume hitting $53.11 million. KORUB is a tokenized bStock that grants users economic exposure to the South Korea Bull 3X ETF; each token is fully backed by the corresponding underlying stocks held by the issuer at a U.S.-regulated broker-dealer. South Korea’s stock market has recently experienced a sharp slump. On October 16, the South Korean Ministry of Finance issued a response, stating it will closely monitor whether stock market volatility spreads to the bond, foreign exchange, and money markets. The government and relevant agencies will enhance stock market monitoring and strictly address any acts that disrupt market order. The statement noted that strong economic growth expectations, current account surpluses, and solid corporate earnings confirm that South Korea’s stock market fundamentals remain sound.
South Korean President Lee Jae-myung: Will take necessary measures to normalize the stock market.
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