创业板指探底回升，跌幅收窄至1%以内，此前一度跌超2.8%，深证成指现跌0.68%，沪指跌0.23%，存储芯片板块拉升。

韩国芯片股的杠杆已经失控。SK海力士单一股票杠杆ETF总资产约190亿美元，是其日均成交额的4倍以上。三星相关杠杆ETF资产约124亿美元，也高出日均成交额176%。 作为对比，美光、特斯拉、英伟达的杠杆ETF资产规模均远低于其日均成交额。韩国市场的杠杆集中度在全球主要股票中独一档。 这意味着当SK海力士股价波动时，杠杆ETF的强制平仓或追保会放大抛压，形成踩踏。香港上市的2倍做多SK海力士ETF资产规模约130亿美元，是SK海力士日均成交额的2倍，一旦趋势逆转，这些杠杆产品可能成为下跌加速器。 韩国芯片股的高杠杆与加密市场并非无关。部分韩国散户同时活跃在币圈和股市，杠杆的连锁反应可能在两个市场间传导。SK海力士下周在美上市，估值290亿美元，可能吸引更多资金涌入，但高杠杆环境下的脆弱性不容忽视。 市场情绪中性偏弱，资金费率显示看跌减弱但未形成看多共识。韩国芯片股的杠杆结构风险，或许是当前最被低估的尾部事件。

South Korea's finance ministry said on Monday it will advance regulatory reform to speed AI deployment across the services sector to boost competitiveness. Finance Minister Koo Yun-cheol discussed specific measures with related ministries and noted services account for about 60% of GDP. "The services sector is undergoing a profound AI-driven transformation, accelerating integration with manufacturing, driving public service innovation and fundamentally changing daily life," he said. The ministry said it will quickly introduce measures to allow AI agents to be tested across the full shopping process, will provide policy support for urban air mobility and autonomous-driving services, and will deploy AI in tax and other administrative services.