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AI Optimism and Trade Policy Boost KORU 2.09%

South Korean shares experienced a notable boost, driven by optimism in AI technology and relief over US tariff issues. The KOSPI index rose by 1.11%, closing at 2,509.27, as investors reacted positively to developments in AI and international trade. The US decision to lift tariffs on Mexico and Canada, while maintaining those on China, was seen as a strategic move in ongoing negotiations with Beijing. This geopolitical maneuvering, coupled with advancements in AI, particularly from South Korea's tech sector, has invigorated market sentiment. Companies like Kakao and Naver saw gains, buoyed by partnerships and progress in AI development, further enhancing investor confidence.

The Direxion Daily South Korea Bull 3X Shares ETF (KORU) rose to $4.16, marking a 2.09% increase as of 10:00 AM ET on February 5th.