Tech stocks such as Apple and Tesla have slipped from the top 10 underlying ranking in the US market in the first half of 2022, after delivering a strong growth in 2020 and 2021.
The sales volume of structured notes in the US market fell by 5.3% to US$48.84 billion in H1 22 despite an issuance increase to 16,323 from 15,831 compared with the prior-year period, SRP data shows. In H1 21, Apple and Tesla were linked to a respective issuance of 402 products (US$896.7m) and 273 products (US$655.4m). That amount dropped to US$609.5m and US$640.9m in H1 22, respectively, with the tech stocks being replaced with single index and index baskets in the underlying table. For the