Derivatives and Quantitative Strategist

Gaudenz Schneider

Financial Economist with over 20 years of investment experience across all asset classes. He has worked as a sell-side derivatives researcher and trader on one of London’s largest trading floors, and as a structurer and portfolio manager for the buy-side in Switzerland. As head of Quantitative Strategy at an Asian WealthTech company, Gaudi and his team designed over 50 distinct investment strategies for institutional clients in Australasia.

Gaudi’s analysis follows a scientific approach based on empirical research and quantitative evidence.

Chart of the Day: Implied Volatility Soars Globally, US and Bitcoin Hit Hardest

Nikkei 225 (NKY INDEX) Drops Amid US Tariffs: Implied Volatility Hits Extreme Levels

Short Selling Resumes in Korea Just as the KOSPI 200 Braces for Pullback (Perfect Timing!)

Ohayo Japan | Trump Announces 24% Tariffs on Japan

Nikkei Volatility Update (Mar 21st – Mar 28th)

Equity Derivatives

Korea Stock Exchange KOSPI 200 / Equity Derivatives

Korea Stock Exchange KOSPI 200 (KOSPI2 INDEX EQUITY)

<ul>
<li>
Market Reaction: The announcement of US reciprocal tariffs caused significant declines across Asia-Pacific markets. Although initial losses were partially recovered during the day, most markets closed substantially lower.</li>
<li>
Impact on South Korea: South Korea faces a 25% tariff. This led to a 1.5% drop in the <a href="https://www.smartkarma.com/entities/korea-stock-exchange-kospi-200" target="_blank" data-smartkarma-citation="entities:26021:1" rel="noopener">Korea Stock Exchange KOSPI 200 Index (KOSPI2 INDEX).</a> </li>
<li>
Volatility Increase: The Kospi 200 VIX index rose to a high of 28.64 before retreating to 26.05, indicating the 99th percentile of implied volatility.</li>
</ul>



Market Reaction: The announcement of US reciprocal tariffs caused significant declines across Asia-Pacific markets. Although initial losses were partially recovered during the day, most markets closed substantially lower.

Impact on South Korea: South Korea faces a 25% tariff. This led to a 1.5% drop in the Korea Stock Exchange KOSPI 200 Index (KOSPI2 INDEX). 

Volatility Increase: The Kospi 200 VIX index rose to a high of 28.64 before retreating to 26.05, indicating the 99th percentile of implied volatility.


KOSPI 200 (KOSPI2 Index) Hits 99th Percentile Implied Volatility Amid US Tariff Impact