The Sword of Damocles Over the AI Bull Market: Leverage Risks in US Stocks and Korea's KOSPI Flash Crash

News Editor

2026-06-29 14:02:08

全球AI牛市暗藏巨大的杠杆风险，美股融资余额达到1.4万亿美元的历史峰值，杠杆ETF规模在近两个月翻倍至2200亿美元。韩国KOSPI受高杠杆与集中持仓影响剧烈震荡并触发熔断。巴克莱与摩根士丹利警告，杠杆衍生品可能引发负向螺旋式去杠杆，进一步放大市场跌幅。

AI bull marketleverage riskUS stock marginleveraged ETFsKOSPIcircuit breakerdeleveragingBarclaysMorgan Stanley

Leverage Risk Shadows the AI Bull Rally

Behind the global AI bull market lies staggering leverage risks. US stock margin debt has surged to a record $1.4 trillion, while leveraged ETF assets have doubled to $220 billion in the past two months. In South Korea, the KOSPI index experienced severe volatility and triggered a circuit breaker due to high leverage and concentrated positions. Both Barclays and Morgan Stanley have warned that leveraged derivatives could trigger a negative spiral of deleveraging, amplifying market declines.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.

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