Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Douglas Research Advisory

Index Rebalance

<ul>
<li><em><strong>On 22 May, the Korea Exchange announced its regular bi-annual constituent rebalance changes in KOSPI 200 and KOSDAQ 150 indices, effective 12 June 2026.   </strong></em></li>
<li>In KOSPI 200 index, four stocks were added and four were removed. Four stocks that are newly added include Hyundai Construction Equipment, d'Alba Global, OCI Co, and DB Hitek. </li>
<li>There were 16 new inclusions and 16 exclusions in the KOSDAQ 150 index rebalance changes. </li>
</ul>


On 22 May, the Korea Exchange announced its regular bi-annual constituent rebalance changes in KOSPI 200 and KOSDAQ 150 indices, effective 12 June 2026.   
In KOSPI 200 index, four stocks were added and four were removed. Four stocks that are newly added include Hyundai Construction Equipment, d'Alba Global, OCI Co, and DB Hitek. 
There were 16 new inclusions and 16 exclusions in the KOSDAQ 150 index rebalance changes. 


KOSPI 200 and KOSDAQ 150 Indices Rebalance Announcements for June 2026

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 have presented our expectations for ADDs and DELs for the upcoming semiannual review in June 2026.</li>
<li>With approximately 95% of the reference period now complete, up to 4 ADDs and 4 DELs are expected in the June 2026 rebalance.</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 have presented our expectations for ADDs and DELs for the upcoming semiannual review in June 2026.
With approximately 95% of the reference period now complete, up to 4 ADDs and 4 DELs are expected in the June 2026 rebalance.


[Quiddity Index] KOSPI 200 Leaderboard for Jun26: Final Predictions; 4 ADDs, 4 DELs

Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

Periscope Analytics

Periscope Analytics focuses on event-driven trades across Asia Pacific and provides comprehensive, timely and systematic coverage of index changes to major Asia Pacific indices in a structured manner.

The analysis includes forecasted inclusions and exclusions to all major Asian indices that have significant amount of tracking assets, including estimates of passive buy/sell flow on the stocks. The service also provides commentary and impact of market consultations, ground rule changes, and other events (IPOs, spin-offs, M&A) that could lead to index changes and passive flow.

Periscope Analytics works with multi-strategy hedge funds, proprietary trading firms, stat arb trading groups and long-only investors that invest and trade in the Asia Pacific region with the data being used to trade index rebalances, avoid pre-positioning and passive flow, and to time entry into and exit from stocks.

Event-Driven Trades Across Asia Pacific

Hyundai Construction Equipment / Index Rebalance

Hyundai Construction Equipment (267270 KS)

<ul>
<li>With over 90% of the review period complete, there could be 4 constituent changes for the <a href="https://www.smartkarma.com/entities/korea-stock-exchange-kospi-200" target="_blank" data-smartkarma-citation="entities:26021:1" rel="noopener">Korea Stock Exchange KOSPI 200 (KOSPI2 INDEX)</a>  in June.</li>
<li>The changes are driven mainly by the direct deletions with balancing adds to maintain the number of index constituents at 200.</li>
<li>The forecast adds have outperformed the forecast deletes over the last few months, but the gap has narrowed in the last few weeks. Positioning will pick-up in the near term.</li>
</ul>


With over 90% of the review period complete, there could be 4 constituent changes for the Korea Stock Exchange KOSPI 200 (KOSPI2 INDEX)  in June.
The changes are driven mainly by the direct deletions with balancing adds to maintain the number of index constituents at 200.
The forecast adds have outperformed the forecast deletes over the last few months, but the gap has narrowed in the last few weeks. Positioning will pick-up in the near term.


KOSPI200 Index Rebalance Preview: Positioning Expected to Pick Up

<ul>
<li>This insight provides an update on the KOSPI 200 rebalance candidates in June 2026. </li>
<li>I provide 8 potential deletion candidates including Asia Holdings (002030 KS), Miwon Specialty Chemical (268280 KS), and Green Cross Holdings (005250 KS). </li>
<li>These 8 stocks are down on average 8.4% in the past six months, significantly underperforming KOSPI which is up 54.1% in the same period. </li>
</ul>


This insight provides an update on the KOSPI 200 rebalance candidates in June 2026. 
I provide 8 potential deletion candidates including Asia Holdings (002030 KS), Miwon Specialty Chemical (268280 KS), and Green Cross Holdings (005250 KS). 
These 8 stocks are down on average 8.4% in the past six months, significantly underperforming KOSPI which is up 54.1% in the same period. 


An Update on the KOSPI 200 Rebalance Candidates in June 2026

<ul>
<li>With 70% of the review period complete, there could be 6 constituent changes for the <a href="https://www.smartkarma.com/entities/korea-stock-exchange-kospi-200" target="_blank" data-smartkarma-citation="entities:26021:1" rel="noopener">Korea Stock Exchange KOSPI 200 (KOSPI2 INDEX)</a> in June.</li>
<li>The changes are driven mainly by the deletions with balancing adds to maintain the number of index constituents at 200.</li>
<li>The forecast adds have outperformed the forecast deletes but both sets of changes have underperformed the <a href="https://www.smartkarma.com/entities/korea-stock-exchange-kospi-200" target="_blank" data-smartkarma-citation="entities:26021:1" rel="noopener">Korea Stock Exchange KOSPI 200 (KOSPI2 INDEX)</a>. </li>
</ul>


With 70% of the review period complete, there could be 6 constituent changes for the Korea Stock Exchange KOSPI 200 (KOSPI2 INDEX) in June.
The changes are driven mainly by the deletions with balancing adds to maintain the number of index constituents at 200.
The forecast adds have outperformed the forecast deletes but both sets of changes have underperformed the Korea Stock Exchange KOSPI 200 (KOSPI2 INDEX). 


KOSPI200 Index Rebalance Preview: 6 Changes a Side for June

South Korea

d'Alba Global Co., Ltd. manufactures cosmetics. The Company produces and sells sprays, essences, toners, ampoules, sunscreens, facial masks, and other products. Dalba Global conducts businesses in South Korea.

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d'Alba Global (483650 KS)

KOSPI 200 and KOSDAQ 150 Indices Rebalance Announcements for June 2026

On 22 May, the Korea Exchange announced its regular bi-annual constituent rebalance changes in KOSPI 200 and KOSDAQ 150 indices, effective 12 June...

Douglas Kim

[Quiddity Index] KOSPI 200 Leaderboard for Jun26: Final Predictions; 4 ADDs, 4 DELs

We still see 4 ADDs and 4 DELs for the June 2026 KOSPI rebal but one of the ADDs has changed. The pairs trades recommended at end-March are up on...

Travis Lundy

KOSPI200 Index Rebalance Preview: Positioning Expected to Pick Up

The 4 forecast adds have outperformed the forecast deletes and there has been a big move in the stocks over the last month. With the review period...

Brian Freitas

An Update on the KOSPI 200 Rebalance Candidates in June 2026

This insight provides an update on the KOSPI 200 rebalance candidates in June 2026. Eight potential deletions are down on average 8.4% in the past...

Douglas Kim

KOSPI200 Index Rebalance Preview: 6 Changes a Side for June

There could be 6 constituent changes in June with passives needing to trade between 1.7-10.2x ADV in the stocks. The forecast adds have...

Brian Freitas

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