Mirae Asset Securities slashes trading in HK, cuts jobs

The firm moves to make most of its Hong Kong sales and trading team redundant in response to poor volumes. But it denies an SCMP report it is shutting the office completely.

Mirae says poor trading conditions have forced it to scale back in HK

Dr Insup Lee Leigh Powell

April 11, 2013

Korea’s Mirae Asset Securities is halving the number of staff in its Hong Kong office, cutting back its team of analysts in response to poor equity trading volume.

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