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

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

(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 Read from BloombergControversial Chip in Huawei Phone Produced on ASML MachinePost-Earnings Meta Rally Fails to Prop Up QQQ: Markets WrapTrump Ally Mike Johnson Elected House Speaker, Shifting GOP Further RightApple Plans AirPods Overhaul With New Low- and High-End Models, USB-C HeadphonesTrump Signals Support for Johnson’s Bid to Become Hous ....

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Brokerage houses report dismal earnings amid freezing stock transactions

Securities firms have reported drastic earnings falls in the wake of a marked slowdown in their commission profit and investment banking business. This situation was widely expected amid freezing stock market sentiment triggered by the rapid pace of rate hikes here and abroad. Data also showed that fewer investors are making aggressive investments in the stock market. The daily stock transaction volume reached 13.8 trillion won ($9.75 billion) on average in the third quarter, down 47.3 percent from a year earlier. This is also a drop of around 20 percent from a quarter ago. ....

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