Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Index Rebalance

<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 take an <em>early</em> look at the names leading the race to become ADDs and DELs during the next semiannual review in December 2026.</li>
<li>As of today, we expect 6 ADDs/6 DELs, but with most of the reference period remaining, it’s far too early to bet on these names. </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 take an early look at the names leading the race to become ADDs and DELs during the next semiannual review in December 2026.
As of today, we expect 6 ADDs/6 DELs, but with most of the reference period remaining, it’s far too early to bet on these names. 


[Quiddity Index] KOSPI 200 Leaderboard for Dec26 Rebal: 6 In/Out But Too Early to Bet

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Douglas Research Advisory

Event-Driven

<ul>
<li>On 22 April, LS Cable &amp; System announced that it plans to acquire up to 70 billion won worth of Gaon Cable.</li>
<li>If LS Cable purchases 70 billion won worth of Gaon Cable's shares (7.4% stake at current price), its stake in the company would rise to 89%. </li>
<li>There are numerous options for Gaon Cable going forward including privatization or a merger with LS Cable. </li>
</ul>


On 22 April, LS Cable &amp; System announced that it plans to acquire up to 70 billion won worth of Gaon Cable.
If LS Cable purchases 70 billion won worth of Gaon Cable's shares (7.4% stake at current price), its stake in the company would rise to 89%. 
There are numerous options for Gaon Cable going forward including privatization or a merger with LS Cable. 


LS Cable Plans to Purchase Up To 70 Billion Won of Gaon Cable - Will It Take It Private?

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

<ul>
<li>The review period for the March rebalance of the KOSPI Size Indices commenced on 1 December and will end on 28 February.</li>
<li>Over halfway through the review period, we forecast 39 migrating stocks. Among new listings, 1 stock could be added to LargeCap, 3 to MidCap and 2 to SmallCap.</li>
<li>Three potential downward migrations were deleted from a global index in November. Now, four more potential downward migrations could be deleted from the same global index in February.</li>
</ul>


The review period for the March rebalance of the KOSPI Size Indices commenced on 1 December and will end on 28 February.
Over halfway through the review period, we forecast 39 migrating stocks. Among new listings, 1 stock could be added to LargeCap, 3 to MidCap and 2 to SmallCap.
Three potential downward migrations were deleted from a global index in November. Now, four more potential downward migrations could be deleted from the same global index in February.


KOSPI Size Indices: When Active Met Passive

<ul>
<li>The review period for the March rebalance of the KOSPI Size Indices commenced on 1 December and will end on 28 February.</li>
<li>A quarter of the way through the review period, we forecast 37 migrating stocks. Among new listings, 1 could be added to LargeCap, 3 to MidCap and 2 to SmallCap.</li>
<li>Four downward migrations were deleted from a global index in November. Now, three more downward migrations could be deleted from the same global index in February.</li>
</ul>


The review period for the March rebalance of the KOSPI Size Indices commenced on 1 December and will end on 28 February.
A quarter of the way through the review period, we forecast 37 migrating stocks. Among new listings, 1 could be added to LargeCap, 3 to MidCap and 2 to SmallCap.
Four downward migrations were deleted from a global index in November. Now, three more downward migrations could be deleted from the same global index in February.


KOSPI Size Indices: Overlap Between Global Passive Selling & Downward Migrations

South Korea

Gaon Cable Co. manufactures cables used in electricity distribution and telecommunications. The Company produces copper rods, overhead transmission cables, fire protection cables, data cables, and optical fiber cables.

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Gaon Cable (000500 KS)

[Quiddity Index] KOSPI 200 Leaderboard for Dec26 Rebal: 6 In/Out But Too Early to Bet

The KOSPI rebal for December 2026 already spits up a half dozen ADDs and DELs. It's a bit too early to play. The ticker attached is a technical...

Travis Lundy

LS Cable Plans to Purchase Up To 70 Billion Won of Gaon Cable - Will It Take It Private?

LS Cable & System announced that it plans to acquire up to 70 billion won of Gaon Cable. There are numerous options for Gaon Cable going forward...

Douglas Kim

KOSPI Size Indices: When Active Met Passive

There could be 39 migrations in March. Most of the Large to Mid migrations have been, or will be, deleted from a large global index. Along with...

Brian Freitas

KOSPI Size Indices: Overlap Between Global Passive Selling & Downward Migrations

There could be 37 migrations for the KOSPI Size indices in March, plus 1 LargeCap and 3 MidCap inclusions. The MidCap to LargeCap migrations have...

Brian Freitas

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