Derivative-linked securities unpopular as investors fret

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Derivative-linked securities unpopular as investors fret

The issuance of derivatives-linked securities in Korea plummeted in the first quarter of the year amid uncertainties over the new coronavirus, data showed Tuesday.

In the January-March period, sales of the instruments amounted to 5.3 trillion won ($4.3 billion), down 31.7 percent from the previous quarter, according to data from the Korea Securities Depository. The reading also marks a 17.5 percent fall from a year ago.

The depository tracks the performance of interest rates, currency values and other underlying assets, promising high returns for investors.

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