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>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

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> 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

<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  up 8 weeks in a row and breached the Inner Fence resistance target at 349, the index is now very OVERBOUGHT. </li>
<li>The upcoming pullback could be an occasion to go LONG at better prices: based on pattern analysis there is a chance the correction may be a large one, albeit fast.</li>
<li>Support levels to buy are in the 346-336 price area.</li>
</ul>


The KOSPI 200 INDEX closed  up 8 weeks in a row and breached the Inner Fence resistance target at 349, the index is now very OVERBOUGHT. 
The upcoming pullback could be an occasion to go LONG at better prices: based on pattern analysis there is a chance the correction may be a large one, albeit fast.
Support levels to buy are in the 346-336 price area.


EQD | KOSPI 200 Shows a Bullish Pattern for the Upcoming Pullback

<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 rising for 4 weeks, it's OVERBOUGHT and may soon perform a quick pullback, followed possibly by another rally.</li>
<li>The upcoming pullback is likely to be short-lived, in this insight we analyze where the pullback can reach, and where it should be possible to go LONG again.</li>
<li>The price area to watch is 330-326: if the index reaches there, the LONG trade odds will be good (assuming the uptrend will continue into the end of the year).</li>
</ul>


The KOSPI 200 INDEX has been rising for 4 weeks, it's OVERBOUGHT and may soon perform a quick pullback, followed possibly by another rally.
The upcoming pullback is likely to be short-lived, in this insight we analyze where the pullback can reach, and where it should be possible to go LONG again.
The price area to watch is 330-326: if the index reaches there, the LONG trade odds will be good (assuming the uptrend will continue into the end of the year).


EQD | KOSPI 200 Stalling: Where to Go LONG on the Pullback?

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)

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

EQD | KOSPI 200 Shows a Bullish Pattern for the Upcoming Pullback

The KOSPI 200 INDEX is overbought, after 8 consecutive weeks of gains. A potential pullback may present a buying opportunity at support levels...

Nico Rosti

EQD | KOSPI 200 Stalling: Where to Go LONG on the Pullback?

The KOSPI 200 INDEX is overbought and may experience a quick pullback, followed by another rally. If the index reaches the 330-326 price area, it...

Nico Rosti

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

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

EQD | KOSPI 200 Shows a Bullish Pattern for the Upcoming Pullback

​The KOSPI 200 INDEX is overbought, after 8 consecutive weeks of gains. A potential pullback may present a buying opportunity at support levels...

Nico Rosti

EQD | KOSPI 200 Stalling: Where to Go LONG on the Pullback?

​The KOSPI 200 INDEX is overbought and may experience a quick pullback, followed by another rally. If the index reaches the 330-326 price area, it...

Nico Rosti

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...

The KOSPI 200 INDEX is overbought, after 8 consecutive weeks of gains. A potential pullback may present a buying opportunity at support levels...

The KOSPI 200 INDEX is overbought and may experience a quick pullback, followed by another rally. If the index reaches the 330-326 price area, it...