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韩股暴跌挡不住 政府紧急暂停140%融资维持率规定 以防「断头潮」

2026-11-06 14:31:38 网络 阅读(1)

为遏止因股价下跌所引发的股票强制平仓(断头)恶性循环,南韩政府宣布自11月9日起,暂停实施证券商融资担保维持率140%的法定要求,为期3个月。

韩股暴跌挡不住 政府紧急暂停140%融资维持率规定 以防「断头潮」

这项紧急稳定措施是在南韩副总理兼企划财政部长李亨日(Lee Hyoung-il)主持的跨部会市场状况检查会议中研商定案。出席会议的官员包括金融委员会委员长李亿源、金融监督院长李灿镇及南韩央行副总裁权敏秀等财经高层。

韩股周五(6日)遭遇剧烈卖压,综合股价指数(KOSPI)一度大跌逾8.7%并跌破5000点大关,创下九个月以来新低,同时触发20分钟的熔断机制暂停交易。

针对近期市场动荡,财政部长李亨日引述政府评估指出,本次股市回档主要是受到美国期中选举后对人工智慧(AI)资料中心法规疑虑、AI投资回报担忧,以及全球投资人避险情绪加剧所致。他强调,南韩经济基本面依然坚实,预计今年经济成长率将达3%中段,出口额可突破1兆美元,企业营业利润上看900兆韩元。李亨日呼吁投资人切勿因市场过度焦虑而过度悲观。

根据现行法规,证券商办理融资业务时须维持至少140%的担保比率;若股价暴跌导致担保价值不足,券商便会要求投资人补缴保证金,否则将实施强制处分。本次放宽规定后,各券商将可根据市场情况弹性调整维持率或延后处分时间,大幅减轻市场的连续断头卖压。

市场对此措施反应不一。社群市场观察者CuteICP6233表示,乐见当局迅速放宽融资维持率规定,此举能有效纾解连锁断头的压力,但他也指出减轻断头压力与买盘动能重新注入仍有不同,短期内对于快速反弹持谨慎态度。

财经当局表示,将持续即时监控股市、外汇与债券市场,若市场波动进一步扩大,已准备好随时推动追加的市场稳定措施。

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分析师称资金急买下跌保护、尾盘再平衡疑虑升温,AI交易退潮放大卖压。",
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      "shortTitle": "〈能源盘后〉美伊和谈仍卡关 油轮遇袭频传!原油自前一日深跌反",
      "img": "https://cimg.cnyes.cool/prod/news/6649077/l/c460f45e080d9460ca56dbe111a26420.jpg",
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      "description": "中东油轮遇袭与美伊谈判无进展,市场重估原油供应中断风险,布油、WTI双双反弹逾2%
UKMTO称自周日以来至少5艘船通报相关事件,10月共35艘遭攻击或相关事件,荷姆兹海峡航运安全受关注
分析指若冲突再升级,布兰特油价可能回升至110至125美元;俄罗斯炼油厂遇袭也增添柴油市场不确定性",
      "pv": 1,
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    {
      "id": 23640,
      "title": "〈贵金属盘后〉美元和美债殖利率下滑 黄金涨至逾两周高点",
      "shortTitle": "〈贵金属盘后〉美元和美债殖利率下滑 黄金涨至逾两周高点",
      "img": "https://cimg.cnyes.cool/prod/news/6648108/l/3f27d38c2ff3cd120d7491d4edecd1c5.jpg",
      "createdAt": "2026-11-05T22:51:09.000Z",
      "description": "黄金现货上涨1%至4100.27美元,盘中触及4146.63美元,创10月20日以来高点。
油价下跌、美元走软与美债殖利率下滑,带动不孳息黄金;市场并等待周五美国非农就业报告。
CME FedWatch显示交易员预期Fed 12月升息机率66%,若数据强劲,黄金恐面临下行压力。",
      "pv": 1,
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      "id": 23660,
      "title": "韩股跌幅扩大至8.8% 触发熔断 日股大跌近4%",
      "shortTitle": "韩股跌幅扩大至8.8% 触发熔断 日股大跌近4%",
      "img": "https://cimg.cnyes.cool/prod/news/6649388/l/93cc6738d3cdf7f6de6f71a952536b3a.jpg",
      "createdAt": "2026-11-06T00:19:38.000Z",
      "description": "韩国首尔综指6日(周五)跌幅扩大至8.8%,跌破5,000点关口,触发熔断。 日经225指数5月来首次跌破60,000点关口,大跌3.7%,报58,845.71点。东证指数重挫4.1%。 MSCI亚太指数下跌2.2%至249.82点。 美股5日卖压涌现,市场担忧民主党期中选举大胜后,将加强人工智慧(AI)与资料中心监管,引爆晶片及AI 基础建设类股卖压。 美股道琼5日收盘狂泻逾1,833 点,回吐前一日选后涨幅。那斯达克指数骤跌5.52%,跌入修正区间。费城半导体指数更下杀12.25%,写下20",
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      "title": "〈分析〉期中选举后全球经济3大利多 智库:关税、能源、Fed...川普受制才好",
      "shortTitle": "〈分析〉期中选举后全球经济3大利多 智库:关税、能源、Fed",
      "img": "https://cimg.cnyes.cool/prod/news/6649335/l/767959cf6d3c425b2e8f06de1c2a7b12.jpg",
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      "description": "民主党期中选举大胜,分析指川普将更难冲动施政,国会可透过预算、听证与立法牵制伊朗升级
民主党掌参院后,川普更难安插联准会亲信;有助锚定通膨预期与美债期限溢价,强化联准会可信度
民主党国会虽难改写外交,但可影响对台军售与对俄制裁;新国会就职前两月恐成伊朗等升级窗口",
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    {
      "id": 23676,
      "title": "道琼狂泻1,833 点 川普:美股大跌 要怪民主党",
      "shortTitle": "道琼狂泻1,833 点 川普:美股大跌 要怪民主党",
      "img": "https://cimg.cnyes.cool/prod/news/6649414/l/533e37ff9462ffc5f80709033ce2a86c.jpg",
      "createdAt": "2026-11-06T00:37:26.000Z",
      "description": "川普说:「(美国)股市因本次(期中)选举结果遭遇史上最惨烈交易日之一。记住,这不是共和党的锅,是那帮『笨蛋民主党人』造成。」
川普也说,不必担心,「我国很快就会变得比以往更强大、更辉煌」。
美股道琼指数5日收盘狂泻逾1,833 点。",
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      "shortTitle": "市场快讯》期中选举失利,川普、AI与美股下一步怎么走?",
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      "description": "美国期中选举后,民主党拿下参议院54席、众议院237席,双双过半,川普未来两年施政将受国会更强制衡。
制衡提高政策协商与稳定性,川普重大减税或支出、民主党对大型科技与AI资料中心立法,皆受否决权与程序限制。",
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      "id": 23695,
      "title": "川普称俄乌将达成重大协议 范围可能涵盖整个欧洲",
      "shortTitle": "川普称俄乌将达成重大协议 范围可能涵盖整个欧洲",
      "img": "https://cimg.cnyes.cool/prod/news/6649471/l/63ef2a890c74afda535f836af7aeb5bd.jpg",
      "createdAt": "2026-11-06T01:42:29.000Z",
      "description": "美国总统川普5日在白宫向媒体表示,将就俄乌问题达成「重大协议」,并称距离解决俄乌问题已「非常接近」。他指出,协议涉及范围不仅限于乌克兰,甚至可能涵盖整个欧洲。 川普表示,他已在白宫会见俄罗斯总统特别代表德米特里耶夫,但未会见乌克兰代表,并拒绝透露会谈具体内容。 同日,美国第一夫人梅兰妮亚也在白宫就俄乌顺利实施奥列什基停火,会见俄乌官员。出席者包括德米特里耶夫、乌克兰执政党人民公仆党国会党团主席阿拉哈米亚,以及乌克兰国会人权事务专员卢比涅茨。 在欧洲安全议题方面,川普女婿库许纳5日在社群媒体发文表",
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      "shortTitle": "基金专访》台股科技基金跌不停,现在该怎么办?安联台湾智慧基金",
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科技巨头AI资本支出仍增,台湾AI硬体供应链订单与获利成长动能续受支撑
基金近期减码部分记忆体持股,策略仍聚焦营收、获利成长与估值风险",
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      "shortTitle": "欧洲十余架客机遭炸弹威胁",
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      "description": "欧洲十余架客机5日遭炸弹威胁。
一架从爱尔兰都柏林飞往义大利罗马的空中巴士A320客机收到炸弹威胁警报。
保加利亚交通部证实,三架飞往保加利亚索非亚的瑞安航空公司航班遭炸弹威胁。",
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