Korea / Special Sits, Pairs, Index Rebalancing, Clepsydra Capital

Sanghyun Park

Korea / Special Sits, Pairs, Index Rebalancing

Clepsydra Capital

Investigate special situations, pairs, and index rebalancing trades in Korea.

Event-Driven

Korea Stock Exchange KOSPI 200 / Event-Driven

<ul>
<li>The rollout of the Korea Value-Up Index has encountered a minor delay. Completion of the index is slated for 3Q, with ETFs scheduled for release in 4Q.</li>
<li>The government will encourage the National Pension Service to utilize it as a benchmark.</li>
<li>Dividend payout ratio, dividend yield, PER, and cash flow will be included as screening factors for this index, in addition to the already known factors of PBR and ROE.</li>
</ul>


The rollout of the Korea Value-Up Index has encountered a minor delay. Completion of the index is slated for 3Q, with ETFs scheduled for release in 4Q.
The government will encourage the National Pension Service to utilize it as a benchmark.
Dividend payout ratio, dividend yield, PER, and cash flow will be included as screening factors for this index, in addition to the already known factors of PBR and ROE.


Details of Korea Value-Up Initiatives & Index, Announced This Morning

Quantitative Researcher, MRM Research

Nico Rosti

Quantitative Researcher

MRM Research

Quantitative Research

<ul>
<li>The <a href="https://www.smartkarma.com/entities/korea-stock-exchange-kospi-200" target="_blank" data-smartkarma-citation="entities:26021:1" rel="noopener">KOSPI 200 INDEX</a> has been rallying since January 2022, roughly up +22.5%, the rally can continue, but soon there could be a pullback, possibly this coming week.</li>
<li>If the index falls from its current highs, where are the best support levels to go LONG again?</li>
<li>The price area between 355 and 345 is where the index could find support and resume the uptrend.</li>
</ul>


The KOSPI 200 INDEX has been rallying since January 2022, roughly up +22.5%, the rally can continue, but soon there could be a pullback, possibly this coming week.
If the index falls from its current highs, where are the best support levels to go LONG again?
The price area between 355 and 345 is where the index could find support and resume the uptrend.


EQD | Where to BUY the KOSPI On The Upcoming Pullback

Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

<ul>
<li>KOSPI 200 is a Korean blue-chip index that tracks the 200 largest and most-liquid names listed in the KOSPI section of the Korea Exchange (KRX).</li>
<li>In this insight, we take a look at the names leading the race to become ADDs and DELs during the upcoming semiannual review in June 2024.</li>
<li>There could be up to four changes in the KOSPI 200 index in the run up to the June 2024 index rebal event including an intra-review fast entry change.</li>
</ul>


KOSPI 200 is a Korean blue-chip index that tracks the 200 largest and most-liquid names listed in the KOSPI section of the Korea Exchange (KRX).
In this insight, we take a look at the names leading the race to become ADDs and DELs during the upcoming semiannual review in June 2024.
There could be up to four changes in the KOSPI 200 index in the run up to the June 2024 index rebal event including an intra-review fast entry change.


Quiddity Leaderboard KOSPI 200 Jun 24: L&F (066970) Likely To Miss Out on Fast Entry in March

<ul>
<li>KOSPI 200 is a Korean blue-chip index that tracks the 200 largest and most-liquid names listed in the KOSPI section of the Korea Exchange (KRX).</li>
<li>KOSPI 200 is also used as the underlying index for various financial products such as ETPs, ELS, index funds, and futures/options.</li>
<li>In this insight, we take a brief look at the index selection methodology and the historical price and volume performance of KOSPI 200 index rebalance baskets.</li>
</ul>


KOSPI 200 is a Korean blue-chip index that tracks the 200 largest and most-liquid names listed in the KOSPI section of the Korea Exchange (KRX).
KOSPI 200 is also used as the underlying index for various financial products such as ETPs, ELS, index funds, and futures/options.
In this insight, we take a brief look at the index selection methodology and the historical price and volume performance of KOSPI 200 index rebalance baskets.


Quiddity Primer for KOSPI 200 Index Rebal Events (2024)

<ul>
<li>The <a href="https://www.smartkarma.com/entities/korea-stock-exchange-kospi-200" target="_blank" data-smartkarma-citation="entities:26021:1" rel="noopener">KOSPI 200 INDEX</a> last week displayed and impressive bounce, maybe too impressive, too quick, too fast. </li>
<li>A short-selling ban is in place until June 2024 for this market, but that does not mean it cannot pull back: according to our models the KOSPI 200 INDEX is OVERBOUGHT.</li>
<li>We expect a pullback next week, unless the index closes this week down, in that case SHORT resistance levels will be reset.</li>
</ul>


The KOSPI 200 INDEX last week displayed and impressive bounce, maybe too impressive, too quick, too fast. 
A short-selling ban is in place until June 2024 for this market, but that does not mean it cannot pull back: according to our models the KOSPI 200 INDEX is OVERBOUGHT.
We expect a pullback next week, unless the index closes this week down, in that case SHORT resistance levels will be reset.


EQD | KOSPI 200 Rally: WEEKLY Resistance Levels

South Korea

The KOSPI 200 Index is a capitalization-weighted index of 200 Korean stocks which make up 93% of the total market value of the Korea Stock Exchange. The index was developed with a base value of 100 as of January 3, 1990.

Korea Stock Exchange KOSPI 200 (KOSPI2 INDEX EQUITY)

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Korea Stock Exchange KOSPI 200 (KOSPI2 INDEX EQUITY)

Details of Korea Value-Up Initiatives & Index, Announced This Morning

This post details the official announcement of the Korean government this morning regarding the Korea Value-Up initiatives and index.

Sanghyun Park

EQD | Where to BUY the KOSPI On The Upcoming Pullback

The KOSPI 200's rally could experience a pullback soon, maybe this coming week. The best support levels to go LONG during the pullback are between...

Nico Rosti

Quiddity Leaderboard KOSPI 200 Jun 24: L&F (066970) Likely To Miss Out on Fast Entry in March

The first Quiddity Leaderboard for KOSPI 200 following the Primer published yesterday. This will be a regular piece going forward. POSCO DX is...

Travis Lundy

Quiddity Primer for KOSPI 200 Index Rebal Events (2024)

This is Quiddity Primer for the KOSPI 200 Index. It is meant as a reference insight for the Quiddity Leaderboards for KOSPI 200 to follow and to...

Travis Lundy

EQD | KOSPI 200 Rally: WEEKLY Resistance Levels

The KOSPI 200 INDEX performed an impressive bounce last week, it is overbought according to our models and may pullback next week. Going SHORT is...

Nico Rosti

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Details of Korea Value-Up Initiatives & Index, Announced This Morning

This post details the official announcement of the Korean government this morning regarding the Korea Value-Up initiatives and index.

Sanghyun Park

EQD | Where to BUY the KOSPI On The Upcoming Pullback

The ​KOSPI 200's rally could experience a pullback soon, maybe this coming week. The best support levels to go LONG during the pullback are between...

Nico Rosti

Quiddity Leaderboard KOSPI 200 Jun 24: L&F (066970) Likely To Miss Out on Fast Entry in March

The first Quiddity Leaderboard for KOSPI 200 following the Primer published yesterday. This will be a regular piece going forward. POSCO DX is...

Travis Lundy

Quiddity Primer for KOSPI 200 Index Rebal Events (2024)

This is Quiddity Primer for the KOSPI 200 Index. It is meant as a reference insight for the Quiddity Leaderboards for KOSPI 200 to follow and to...

Travis Lundy

EQD | KOSPI 200 Rally: WEEKLY Resistance Levels

​The KOSPI 200 INDEX performed an impressive bounce last week, it is overbought according to our models and may pullback next week. Going SHORT is...

Nico Rosti

The KOSPI 200's rally could experience a pullback soon, maybe this coming week. The best support levels to go LONG during the pullback are between...

The KOSPI 200 INDEX performed an impressive bounce last week, it is overbought according to our models and may pullback next week. Going SHORT is...