1. Korean Stock Subsequent: The short-term wave of leveraged liquidations is not over yet; the index is likely to continue oscillating and grinding a bottom. Only after leverage is fully cleared, foreign capital returns, and Samsung launches large-scale buybacks will a recovery rally emerge. Retail investors who rushed in to buy the dip earlier will find it difficult to break even in the short term.

2. Impact on A-shares: It will only bring a short-term emotional shock, with small northbound outflows and short-term pressure on semiconductors, but it will not lead to a Korean-style crash. A-shares have strict leverage controls, balanced sectors, and ample domestic capital, making them much more resilient.

3. Investment Strategies for Ordinary People

- Resolutely avoid high-leverage products; do not use margin to trade stocks.

- Do not chase high-growth sectors such as semiconductors at elevated levels; wait for sufficient pullbacks before entering in batches.

- In volatile markets, prioritize allocation to low-valuation, high-dividend stocks and balanced funds to reduce concentrated bets.

- During black swan crash events, do not blindly buy the dip; wait for selling pressure to clear and the trend to stabilize before entering.