Goldman Sachs Group said Hong Kong stocks could soon be boosted by the maturity of South Korean structured notes associated with them. In a recent report, Goldman Sachs trading team pointed out that as long as the Hang Seng China Enterprises Index rises by about 3%, it will rise to the key level of 7000 points. And this level is a knock-out barrier for most South Korean structured products that are about to expire. If this level is reached, it could force traders to cover short positions to hedge more upside risks. South Korean banks and brokerages sell at Hong Kong stock market peak in early 2021tides4fishingBillions of dollars worth of equity-linked notes were issued, which will mature in May and June.
