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>We can use KRX to access PER, PBR, and dividend yield. However, except for PER, the data, being based on the most recent information, limits its usefulness for proactive positions.</li>
<li>So, we should look into FnGuide, which aggregates and provides exclusive consensus data. This website also requires payment for access.</li>
<li>However, FnGuide provides some data for free, including PBR. Therefore, we can make use of this within the scope of its free offerings.</li>
</ul>


We can use KRX to access PER, PBR, and dividend yield. However, except for PER, the data, being based on the most recent information, limits its usefulness for proactive positions.
So, we should look into FnGuide, which aggregates and provides exclusive consensus data. This website also requires payment for access.
However, FnGuide provides some data for free, including PBR. Therefore, we can make use of this within the scope of its free offerings.


An Optimal Way to Sourcing and Screening Data for Low PBR Theme Stocks in Korea

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> closed the last week up, after 3 weeks down in a row (CC=-3).</li>
<li>The index could pullback again this week, after last week's bounce, support is around 332-325 or, if the market goes lower, around the 313 price area. </li>
<li>Most likely the pullback will last only for 1-2 weeks (if any), but caution is advised: a longer pullback that could reach below 313 is not impossible.</li>
</ul>


The KOSPI 200 INDEX closed the last week up, after 3 weeks down in a row (CC=-3).
The index could pullback again this week, after last week's bounce, support is around 332-325 or, if the market goes lower, around the 313 price area. 
Most likely the pullback will last only for 1-2 weeks (if any), but caution is advised: a longer pullback that could reach below 313 is not impossible.


<ul>
<li>KRX notified local brokerages last week about allowing market orders for single stock futures (SSF) from April. Currently, 192 SSFs are listed.</li>
<li>Anticipating short-term effects, heightened frequency and impact of erroneous orders may cause spot market confusion. KRX plans real-time bid disclosure for SSFs to prevent price distortions.</li>
<li>Nonetheless, we will likely observe SSF price volatility surges. Real-time bid exposure could exacerbate volatility due to premature information revelation. Preemptive position setups considering these factors are advised.</li>
</ul>


KRX notified local brokerages last week about allowing market orders for single stock futures (SSF) from April. Currently, 192 SSFs are listed.
Anticipating short-term effects, heightened frequency and impact of erroneous orders may cause spot market confusion. KRX plans real-time bid disclosure for SSFs to prevent price distortions.
Nonetheless, we will likely observe SSF price volatility surges. Real-time bid exposure could exacerbate volatility due to premature information revelation. Preemptive position setups considering these factors are advised.


KRX Introduces Market Orders for Single Stock Futures: Potential Trading Impacts

<ul>
<li>The effective date, required by law to start six months post-promulgation, suggests implementation around July this year.</li>
<li>Enforcement decrees and regulations, under the Financial Services Commission's purview, must be confirmed before the effective date (within six months post-promulgation). The announcement is likely in early to mid-March.</li>
<li>Expecting the amendment, there may be a pre-July surge in block deals as major shareholders expedite plans, creating assertive market activity in the first half with potential trading opportunities.</li>
</ul>


The effective date, required by law to start six months post-promulgation, suggests implementation around July this year.
Enforcement decrees and regulations, under the Financial Services Commission's purview, must be confirmed before the effective date (within six months post-promulgation). The announcement is likely in early to mid-March.
Expecting the amendment, there may be a pre-July surge in block deals as major shareholders expedite plans, creating assertive market activity in the first half with potential trading opportunities.


A Comprehensive Update on Implementation of Block Deals Pre-Disclosure in Korea

<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> is correcting after a long multi-week rally. Currently down for 2 weeks (to be confirmed this Friday at close), it's becoming OVERSOLD.</li>
<li>There is a risk of a large slide during this week, so LONG trades should be taken with a careful, hedged approach, but the LONG reversal is pending...</li>
<li>The price area between 345 and 334 is where the index could stop its pullback and reverse.</li>
</ul>


The KOSPI 200 INDEX is correcting after a long multi-week rally. Currently down for 2 weeks (to be confirmed this Friday at close), it's becoming OVERSOLD.
There is a risk of a large slide during this week, so LONG trades should be taken with a careful, hedged approach, but the LONG reversal is pending...
The price area between 345 and 334 is where the index could stop its pullback and reverse.


EQD | KOSPI 200 Readying for LONG Reversal

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)

An Optimal Way to Sourcing and Screening Data for Low PBR Theme Stocks in Korea

This post outlines the most effective method for accessing and screening low PBR data through Korean local data providers.

Sanghyun Park

EQD | The KOSPI 200 Could Go Lower

The KOSPI 200 INDEX ended last week up after 3 consecutive weeks down. It could pullback again this week, support levels are at 332-325 or...

Nico Rosti

KRX Introduces Market Orders for Single Stock Futures: Potential Trading Impacts

This post investigates KRX's plans to introduce market orders for single stock futures in Korea and looks into potential impacts from a trading...

Sanghyun Park

A Comprehensive Update on Implementation of Block Deals Pre-Disclosure in Korea

This post delivers a thorough and insightful update on the current status and progress of the block deals pre-disclosure system in Korea.

Sanghyun Park

EQD | KOSPI 200 Readying for LONG Reversal

The KOSPI 200 INDEX is correcting after a multi-week rally, but it's getting oversold. There is a risk of a large slide, LONG trades should be...

Nico Rosti

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

An Optimal Way to Sourcing and Screening Data for Low PBR Theme Stocks in Korea

This post outlines the most effective method for accessing and screening low PBR data through Korean local data providers.

Sanghyun Park

EQD | The KOSPI 200 Could Go Lower

​The KOSPI 200 INDEX ended last week up after 3 consecutive weeks down. It could pullback again this week, support levels are at 332-325 or...

Nico Rosti

KRX Introduces Market Orders for Single Stock Futures: Potential Trading Impacts

This post investigates KRX's plans to introduce market orders for single stock futures in Korea and looks into potential impacts from a trading...

Sanghyun Park

A Comprehensive Update on Implementation of Block Deals Pre-Disclosure in Korea

This post delivers a thorough and insightful update on the current status and progress of the block deals pre-disclosure system in Korea.

Sanghyun Park

EQD | KOSPI 200 Readying for LONG Reversal

​The KOSPI 200 INDEX is correcting after a multi-week rally, but it's getting oversold. There is a risk of a large slide, LONG trades should be...

Nico Rosti

The KOSPI 200 INDEX ended last week up after 3 consecutive weeks down. It could pullback again this week, support levels are at 332-325 or...

The KOSPI 200 INDEX is correcting after a multi-week rally, but it's getting oversold. There is a risk of a large slide, LONG trades should be...