CITIC Securities research says MLCC price increases have accelerated and the current cycle could mirror the 2017–18 supercycle. The firm expects the upcycle to extend beyond one year and factory-side price hikes could double or exceed that magnitude.

China International Capital Co. says on-exchange leverage in Korean stocks is around 2x–5x and absolute leverage has reached historical highs, but leverage relative to market value is not extreme; market sentiment and liquidity indicators are slightly tight but not severe. High leverage can amplify volatility and create liquidity stress: a 16–36% decline would trigger margin calls, recent forced-liquidation pressure has risen, but medium-to-long-term direction depends more on fundamentals.

U.S. outlets The Verge and the Wall Street Journal report Zhipu (02513.HK) has released open-weight model GLM-5.2. The model still lags Anthropic and OpenAI on broad tasks, but some researchers say GLM-5.2 matches Anthropic’s Mythos in certain vulnerability-detection and cybersecurity scenarios. Cybersecurity firm Semgrep reports GLM-5.2 outperformed Anthropic’s Claude Opus 4.8 on some benchmarks; researchers add that with additional instruction both Opus 4.8 and GLM-5.2 can rival Mythos at bug finding. GLM’s open-weight distribution — downloadable and runnable on commodity hardware — boosts flexibility and deep access for advanced users but may elevate the risk of malicious misuse.