DBS Taiwan: US tech stock-linked notes in high demand, Taiex rally triggers switch

Taiwan embraced a thriving year for its structured notes business in 2023. SRP data shows that in Taiwan, Singaporean banking giant DBS issued some 6,821 structured notes last year, hitting nearly 1.7 times higher than the 2022 figure, which recorded 2,550 notes issued in the market. The latest issuance figure also pushed the Singaporean bank claim as the top issuer with a 22% market share in the jurisdiction. Semiconductors, tech and the automobile industry were the overarching themes of und