$SKHYNIX South Korean regulators finally crack down hard on leverage!
After an emergency meeting, they did not directly prop up the index with money.
The investment limit for single-stock leveraged products may be capped at 20% of total assets!
Starting July 31, the cash threshold will be raised to 30 million KRW.
South Korea aims to first cut off the leverage chain, then let the market clear itself!
The South Korean Ministry of Finance announced it will maintain 24-hour market monitoring and immediately add controls on single-stock leveraged ETFs: limiting individual investment exposure, increasing high-frequency trading costs, raising simulation trading requirements, and establishing legal grounds for market stabilization measures in emergencies. New product launches and advertising have also been suspended.
From July 31, retail investors adding or purchasing related products must hold at least 30 million KRW in cash in their accounts and can no longer use stocks, bonds, or other substitute assets to meet the threshold; this is not a forced immediate liquidation for existing holders but a direct choke on new leveraged funds. South Korea has not announced any intervention by stabilization funds, targeted central bank liquidity injections, or a blanket short-selling ban, indicating the policy goal remains to stabilize order rather than forcibly support prices.
July 30 may become an unusually intense final trading window.
But in the medium term, after new leverage is cut off, the "sell more as prices fall" stampede cycle has a real chance to weaken. #海力士业绩创纪录但不及预期,存储股剧烈波动
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