South Korea’s main stock exchange has delayed the launch of weekly options tied to single stocks, in a sign of growing concern about frothiness in the world’s best-performing equity market this year.
The Korea Exchange had planned to launch contracts linked to four of the country’s largest companies — chipmakers Samsung Electronics and SK Hynix, carmaker Hyundai Motor and battery producer LG Energy Solution — on June 29.
But intense volatility in the market, including a single-day drop of 8 per cent this month followed by an 8 per cent rise, spurred the bourse to push back the launch, it said on Thursday.
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