In case you missed it, Asia’s Most Read Publications 30 Jun to 6 Jul 2026

Research evidence excerpt

In case you missed it, Asia’s Most Read Publications 30 Jun to 6 Jul 2026

Asia Pacific Equity Research

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Asia Most Read 10 July 2026

In case you missed it, Asia’s Most Read Publications: 30 Jun to 6

Jul 2026

Asia Pacific Equity Derivatives Strategy (Tony SK Lee/Haoshun Liu/Xipu Han/Twinkle Mehta, CFA)

Short Gamma Risks in Korea and Japan; Funding Pressure Builds in Korean Equities; Diversified AI

Exposure Trades

Korea Short Gamma Keeps Volatility Flow-Driven : Dealers’ short gamma in Korean equities has persisted in June, with

dealers short roughly US$1.4bn , or around 4% of average futures turnover . The imbalance has been driven largely by

leveraged ETFs and reinforced by listed KOSPI2 options demand, keeping the market sensitive to hedging and rebalancing

flows. Korea optionality demand has also spilled over offshore, with EWY options open interest rising sharply and EWY

implied volatility moving higher and trading above KOSPI2 implied volatility. The risk is also becoming more concentrated as

single-stock leveraged products expand, shifting more flow pressure toward large-cap semiconductor names.

Equity Hybrid Radar (Twinkle Mehta, CFA/Tony SK Lee/Haoshun Liu/Xipu Han/Yangyang Hou)

Cross-Asset Correlation and Trade Analytics: June 2026

The Equity Hybrid Radar is a cross-asset correlation monitor tracking key equity indices – SPX, NDX, SX5E, NKY, KOSPI2,

HSCEI, CSI1000 and AS51 – against global rates, FX, commodities and other equity benchmarks . The correlation