CITIC Securities says retail leverage in South Korean equiti
文 / 小金
2026-08-06 08:01:31
来源:亚金网
CITIC Securities says retail leverage in South Korean equities has been rapidly unwound but risks remain. Brokerage margin balances fell 10% in a single day on July 31 — the largest drop this year — indicating on-exchange leverage is still being cut quickly. Retail forced liquidations on July 30–31 exceeded 100 bln won per day; the liquidation rate remains about 7–8%, well above the roughly 1% level seen in stable markets. Korea’s stabilization fund is limited in size and National Pension Service intervention carries moral hazard. CITIC expects market volatility to remain relatively elevated.
