Korean autocallable volumes double as HSCEI rallies
Diversification of underlying investment and additional protection options also behind revival
Nearly two years after causing carnage across the Street, volumes of Korean equity-linked securities have rebounded thanks to a surge in one of the main underlying investment indexes and new structural tweaks.
Issuance of the products, also known as autocallables, has averaged more than $6 billion a month in 2017, a level last seen two years earlier. Dealers say this has been driven by the rising Hang Seng China Enterprises Index (HSCEI), which has recovered from its crash in September 2015
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