French presidency says Macron will discuss reconstruction during his visit to Syria.

SK Hynix single-stock leveraged ETFs hold roughly $19bn in assets, more than four times the stock's ADV. Samsung-related leveraged ETFs hold about $12.4bn, roughly 176% above their ADV. By contrast, leveraged ETF assets for Micron, Tesla and NVIDIA are well below those names' ADV. The concentration of leverage in the Korean market is unique among major global stocks. Large pools of single-stock leverage mean SK Hynix price moves could trigger forced liquidations and margin calls that amplify selling. Hong Kong-listed 2x long SK Hynix ETFs hold about $13bn—roughly twice SK Hynix ADV—and could accelerate declines if trends reverse. Some Korean retail traders are active in both crypto and equities, creating potential cross-market leverage transmission. SK Hynix plans a U.S. listing next week at an implied $29bn valuation, which may attract flows but increases vulnerability in a high-leverage environment. Market sentiment is neutral-to-weak; funding rates show bearishness easing but no clear bullish consensus. The leverage structure in Korean chip names may be the most underpriced tail risk currently.

A-share pork sector rallied again in the afternoon; Juxing Nongmu hit the daily up-limit, and New Hope, Tianbang Food, Dayu Bio, Muyuan Foods and Wens Food shares also climbed.