From dealers' selling pressure to a breakdown of live products tracking the country's benchmark index knock-in barrier levels, here's what happened to Nikkei 225-linked structured products triggered by Monday’s stock market plunge.

Japan's benchmark Nikkei 225 index suffered its biggest single day loss since 1987 on Monday (5 August), also impacting the exotic product market. In Japan, the spot sell-off has caused dealers to long Nikkei 225 back-end volatility, so we have seen selling pressure from exotic dealer s - Shane Carroll,  UBS The benchmark closed down 12.4% to 31,458.42 on Monday before rebounding later in the week, leaving the industry puzzling over what this meant for various market exposures to the au

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