The knocking-in of the substantial amount of autocallables in South Korea is unlikely this time although the downward trend in the Hang Seng China Enterprises Index (HSCEI) should be closely monitored, according to Joong Ho Lee (pictured) , head of derivatives research at KB Securities, a subsidiary of KB Financial Group. KB is one of the major players in Korea's financial services sector. "We don't know yet, if investors will turn extremely conservative due to knocked in autocallables because