China Rout Set to Roil $71 Billion Korea Market for Exotic Notes

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(Bloomberg) -- Kim Hyun-Sook is bracing for massive losses on her 100 million won ($74,000) investments in structured products tied to Chinese stocks. Most...

-- Kim Hyun-Sook is bracing for massive losses on her 100 million won investments in structured products tied to Chinese stocks.Apple Plans AirPods Overhaul With New Low- and High-End Models, USB-C Headphones

Kim would face losses equivalent to the index performance if the HSCEI — which tracks Chinese stocks listed in Hong Kong — continues to languish through May 2024, when her investments mature. Lured by the promise of bond-like coupons, the 57-year old and her fellow investors are another example of how low rates had spurred investments in complicated products.

“It’s pretty rare to see products in such large scale to be maturing around the same time,” Samsung Securities derivative analyst Jun Gyun said. “It looks like investors were expecting continued growth in China in 2021.” The nation’s retail investors are known for their embrace of risky bets, with big stakes in digital coins, growth stocks like Tesla Inc., and overseas properties.Kim, who has bought 18 ELS products tied to the HSCEI, said she is “bracing for massive losses.” Two of the notes were issued in May 2021 when the gauge was above 10,000. It currently trades below 5,900.

Charlie Munger says investing has grown ‘much harder’ and even wealth managers now have almost zero chance of outperforming the S&P 500 — but you may still have a shot if you follow his rulesHigh interest rates are derailing the ambitions of climate regulators and automakers to accelerate the shift to electric vehicles, underscored Wednesday by the scrapping of a GM-Honda partnership and a warning from a battery maker.

'This makes me so mad': Kevin Hart, Mark Cuban regret passing on the chance to invest in this multibillion-dollar company in its early stages — here's why it haunts them to this dayTORONTO — The Canadian dollar has dipped against its U.S. counterpart following the Bank of Canada's decision to hold its key interest rate at five per cent. Here's what it means for Canadians. How is the loonie doing? As of midday, it was trading at 72.55 cents to the U.S.

 

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