Opinion: Why Seoul’s market rarely responds to threats

The latest exchange of artillery between the two Koreas is just the most recent in a long line of standoffs. The tension surrounding these incidents would be expected to damage market sentiment, yet history proves that it rarely budges, observes Chris Wright.

  • 24 Nov 2010

The exchange of fire between the North and South Korean military yesterday (November 23) has made market bears especially nervous.

It’s easy to see why: the Korean situation could easily escalate, and it’s natural that markets would underperform in the shadow of that uncomfortable prospect. Both world markets ...

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Bookrunners of International Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 45,626.68 211 9.27%
2 HSBC 44,829.32 265 9.10%
3 JPMorgan 40,433.80 168 8.21%
4 Bank of America Merrill Lynch 30,693.74 131 6.23%
5 Deutsche Bank 21,002.85 82 4.27%

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1 JPMorgan 13,739.39 37 12.32%
2 Citi 12,632.94 34 11.33%
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4 Santander 10,506.02 28 9.42%
5 HSBC 10,437.21 32 9.36%

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1 Citi 17,026.58 66 10.99%
2 JPMorgan 16,685.39 67 10.77%
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4 Barclays 9,018.97 31 5.82%
5 BNP Paribas 7,464.17 24 4.82%

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5 Citi 95.36 35 5.16%

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1 UniCredit 3,966.12 27 12.90%
2 SG Corporate & Investment Banking 2,798.04 16 9.10%
3 Citi 2,601.08 17 8.46%
4 ING 2,541.41 20 8.26%
5 HSBC 1,663.71 16 5.41%

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Rank Lead Manager Amount $m No of issues Share %
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1 AXIS Bank 7,223.53 137 20.44%
2 HDFC Bank 5,194.87 128 14.70%
3 Trust Investment Advisors 3,919.17 169 11.09%
4 ICICI Bank 2,268.23 62 6.42%
5 Standard Chartered Bank 2,056.93 31 5.82%