A rollercoaster ride



Plummeting stock indexes around the region meant that many Asian equity desks had a tough ride last year. Throw in an edict from Hong Kong’s Securities and Futures Commission last June that effectively put a halt on the territory’s warrants market, and it looked like 2001 could be a washout.

But it wasn’t all bad. Volatile equity markets from Tokyo to Thailand prompted some of the more sophisticated corporates to look closely at structured equity derivatives products to hedge their exposures

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