HSCEI: Vega supply muted by lower issuance

The persistent weakness in the performance of the Hang Seng China Enterprises Index (HSCEI) which is down nearly 50% from its 2021 peak has brought out red flags given the South Korean market exposure to worst of structures featuring the troubled gauge. The environment has been relatively slow-paced which tends to give dealers time to hedge their books The disappointing performance of the Hang Seng China Enterprises Index (HSCEI) in 2023 could leave issuers in South Korea facing potential lo