美股三大股指拉升，纳斯达克100指数转涨，抹去此前1.3%的跌幅，道指、标普500指数跌幅分别收窄至0.3%、0.17%。

On Tuesday a China Southern 1.25x long Kioxia single-stock leveraged product began trading in Hong Kong. The 1.25x gearing is lower than many Hong Kong single-stock leverage products that offer up to 2x exposure. Institutional analyst Rebecca Sin said interest in leveraged semiconductor exposure remains evident—reflected in large inflows to US leveraged semiconductor ETFs—but retail traders typically favour higher‑risk structures, leaving milder 1.25x–1.5x tiers less attractive than 2x–3x products. Tokyo-listed Kioxia has struggled to regain momentum as investors rotate away from AI trades; the broader semiconductor ecosystem is weighed by macro headwinds and geopolitical uncertainty. Kioxia is up over 100% year-to-date but about 75% below its June record high.

China A-share retail sector rallied; Youhao Group and Da Dongfang hit limit-up, while Ningbo Zhongbai, Dalian Youyi, Shanghai Jiubai and Central Department Store also advanced.