In terms of South Korean ETFs, as of the time of writing, South Korea's two times long Hanilshis (07709) fell by 10.54% to 81 Hong Kong dollars; South Korea's two times long Samsung Electronics (07747) fell by 9.37% to 128.6 Hong Kong dollars; TR Korea (02848) fell by 4.25% to 1722 Hong Kong dollars. On the news side, on Tuesday, the Seoul Composite Index of South Korea fell by 4%, breaking below 7200 points, dropping by over 10% from the historical high of 8046 points set last Friday. At the same time, the sell-off in the South Korean bond market was also severe, with the yield on the 3-year South Korean government bonds surging by more than 86 basis points from its low point earlier this year, reaching the highest level since November 2023. Several analysts have warned that due to the upward momentum of the KOSPI index and its extremely concentrated structure, it is difficult for KOSPI to sustain its current upward trend for a long time. It is worth noting that Kim Ki-nam, the former president of Samsung Electronics' semiconductor division, publicly warned that due to the significant expansion of Chinese companies, global supply of memory chips will sharply increase in the second half of next year, leading to a possible price decline; if the return on capital expenditure of large technology companies decreases, the demand for storage itself may face a risk of contraction after 2028.