After recovering losses in the first quarter this year from nearing the so-called ‘peak’ level late last year, the Hang Seng China Enterprises Index (HSCEI) is heading south again due to the heightened trade tensions between the US and China.

The HSCEI dropped more than 7.8% this month to below the 11,000 mark. It’s the first time the index fell below this level since February this year. It finished at 10,633.42 on Monday, down half a percent. The benchmark is one of the key underlying indexes for autocallable structured products in South Korea, which are sold as equity-linked securities (ELS) and equity-linked bonds (ELB) in the country. The high volatility of the HSCEI makes it attractive to be included as an underlying of a

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