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

Sanghyun Park

I investigate special situations, pairs, and index rebalancing trades in Korea.

Korea / Special Sits, Pairs, Index Rebalancing

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Clepsydra Capital

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

Event-Driven

<ul>
<li>Shares of SK Innovation soared more than 8% today. The reason for the surge is the expectation that SK On will be listed on the NASDAQ rather than the KOSPI.</li>
<li>The news that KRX is preparing to restrict the recently surging practice of equity carve-out (ECO)-based listing has flowed into the local market today.</li>
<li>Obviously, the market has overreacted today to SK Innovation. SK On's NASDAQ listing stems from a vague expectation. So, today's stock price surge won't lead to a structural price uptrend.</li>
</ul>


Shares of SK Innovation soared more than 8% today. The reason for the surge is the expectation that SK On will be listed on the NASDAQ rather than the KOSPI.
The news that KRX is preparing to restrict the recently surging practice of equity carve-out (ECO)-based listing has flowed into the local market today.
Obviously, the market has overreacted today to SK Innovation. SK On's NASDAQ listing stems from a vague expectation. So, today's stock price surge won't lead to a structural price uptrend.


SK Innovation's 8% Price Gain Today: SK On's NASDAQ Listing?