Fitch sees limited credit fallout from Korea stock rout

Fitch Ratings sees little sign that South Korea's stock-market rout is spilling into broader credit stress, but says the turmoil has exposed vulnerabilities stemming from market concentration and the rapid growth of leveraged products. "Market concentration does amplify sensitivity to sentiment-driven swings, and this warrants monitoring," Rowena Chen, director of APAC nonbank financial institutions ratings at Fitch, told The Korea Herald Friday. Leveraged products could also increase "the speed