As HSCEI loses its aura, the Korean ELS market is attempting to embark on the local underlying to capture its momentum.
Spikes in the South Korean stock market this year are prompting the structured products industry to gravitate toward the Kospi 200, one of its benchmark stock market indices, as the preferred underlying option. The trauma from Hong Kong’s HSCEI has intensified the avoidance of overseas index-linked ELS - Gyun Jun, Samsung Securities SRP data shows the Kospi 200 became the third most-used underlying for Korean equity-linked securities (ELS) in the first quarter of the year, with 9
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