In today’s briefing:
- Japan – Increase in Shorts on Some Interesting** Stocks
- EQD | KOSPI 200 Falling, LONG Support
- Quiddity Leaderboard ASX Dec 23: InvoCare, Origin Energy, New Crest, Allkem, and More
Japan – Increase in Shorts on Some Interesting** Stocks
- CyberAgent, Lixil Group, Hakuhodo Dy Holdings, Kobayashi Pharmaceutical, Welcia Holdings, Persol Holdings, Kurita Water Industries, GMO Payment Gateway, Keio Corp and NGK Insulators have underperformed the Nikkei225 over the recent past.
- The underperformance could lead to adjustments in global passive portfolios and liquidity events on some of the stocks.
- Short interest has increased on some stocks and there could be more pre-positioning to come over the next few weeks.
EQD | KOSPI 200 Falling, LONG Support
- The KOSPI 200 INDEX closed down last week (CC=-1) and is going towards the Q2/median support at 314. The index is also OVERSOLD MONTHLY (CC=-3)
- One possible scenario is to see the index downtrending into early/mid-November, find a bottom, and then begin a counter-rally from there.
- The index could go down more this week, but a LONG trade could begin at 314 support, and if that does not hold, the next support area is at 306.
Quiddity Leaderboard ASX Dec 23: InvoCare, Origin Energy, New Crest, Allkem, and More
- In this insight, we take a look at the potential index changes for ASX 200, 100, 50, and 20 in the run up to the December 2023 Rebalance.
- There could be up to four ASX 200 changes including the intra-review changes that could potentially be triggered by M&A events.
- The Origin Energy (ORG AU), Newcrest Mining (NCM AU), and Allkem Ltd (AKE AU) deals also could have interesting index change and/or flow implications over the next few weeks/months.
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