South Korean Investors Face Nearly $4 Billion Losses on China-Linked Exotic Notes
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#c60b7cb3 ver:0.11

South Korean investors face nearly $4 billion losses on China-linked exotic notes, affecting over 20% of investors aged 65 or older. The Financial Supervisory Service (FSS) plans to compensate losses from derivative products tracking Chinese stocks listed on the Hong Kong exchange, with sellers potentially paying up to 100% of consumer's loss. FSS found wrongdoings by financial firms selling derivatives linked to the Hang Seng China Enterprises Index and will punish wrongdoings while financial firms provide voluntary compensation to investors. #SouthKorea #investors #China #derivatives #compensation...

#newstr #SouthKorea #China #Investment #StructuredProducts 

 https://here.news/story/c60b7cb3?ver=0.11