Asia's rich drive a $200-billion revival in complex equity notes
The revival coincides with a surge in Asia's equities driven by the artificial intelligence frenzy. Typically marketed by private banks to wealthy clients, structured-note bets this year have been concentrated in Chinese mega-caps such as Alibaba Group and Tencent Holdings, a shift away from US names like Nvidia Corp. The instruments help holders build exposure to stocks in a more controlled way, though their complex structure means losses can worsen under certain conditions. "Issuance was very limited for ...