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China Merchants Securities exits South Korea ETF amid market volatility

China Merchants Securities has withdrawn its market-making services for the Huatai-PineBridge China-Korea Semiconductor ETF, the only South Korea-focused ETF available in mainland China. This decision, described as purely commercial, comes amid significant volatility in the South Korean stock market, which saw its benchmark index surge and then plunge dramatically, triggering multiple trading halts. The brokerage also ceased market-making for other ETFs linked to the Nikkei 225 and Nasdaq-100 indexes. AI

RANK_REASON This is a financial news item about a brokerage firm's decision regarding an ETF, not a core AI development.

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China Merchants Securities exits South Korea ETF amid market volatility

COVERAGE [1]

  1. SCMP — Tech TIER_1 English(EN) · Judy Xue ·

    China Merchants Securities drops South Korea ETF as Seoul stock volatility spills over

    A leading Chinese brokerage house has ended market making for the mainland’s only South Korea-focused exchange-traded fund (ETF), as Beijing steps up efforts to stabilise its capital markets and protect retail investors amid volatility in its East Asian neighbour’s stock market. …