Quantitative Researcher, MRM Research

Nico Rosti

Quantitative Researcher

MRM Research

Quantitative Research

Event-Driven

Korea Stock Exchange KOSPI 200 / Event-Driven

<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 currently pulling back for a 2nd week in a row.</li>
<li>This could be an opportunity to go LONG,  if the pullback is limited to this (or at most the next) week closing down and reaching targets between 365 and 338.</li>
<li>If the index goes down for 3 weeks and reached below 343 caution is advised: the pullback may be larger than expected in that case.</li>
</ul>


The KOSPI 200 INDEX is currently pulling back for a 2nd week in a row.
This could be an opportunity to go LONG,  if the pullback is limited to this (or at most the next) week closing down and reaching targets between 365 and 338.
If the index goes down for 3 weeks and reached below 343 caution is advised: the pullback may be larger than expected in that case.


EQD | KOSPI 200 WEEKLY Buy-The-Dip Opportunity

<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 falling for the second week in a row, but the pullback is modest so far.</li>
<li>This pullback is probably just another occasion to buy at better prices, however some more pullback may be in store between here and the end of the week.</li>
<li>The support area where we think a LONG trade has good probability of success based on our models is between 356 and 350.</li>
</ul>


The KOSPI 200 INDEX is falling for the second week in a row, but the pullback is modest so far.
This pullback is probably just another occasion to buy at better prices, however some more pullback may be in store between here and the end of the week.
The support area where we think a LONG trade has good probability of success based on our models is between 356 and 350.


EQD | KOSPI 200 WEEKLY Bottom May Be Behind the Corner

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.

<ul>
<li>The Feb 26th announcement introduces the Corporate Value Up Program and unveils the Korea Premium Index direction. Methodology finalization expected by mid-March; ETFs launch by mid-May.</li>
<li>Similar to JPX Prime 150, KRX aims to target enhancing equity spread and PBR trends (+1.0x) while also integrating dividend growth rate. KOSDAQ stocks may be omitted.</li>
<li>NPS's role is vital for the Korea Premium Index, yet aligning its passive strategy with this index faces challenges. Ongoing discussions aim to adjust regulations for this index investment.</li>
</ul>


The Feb 26th announcement introduces the Corporate Value Up Program and unveils the Korea Premium Index direction. Methodology finalization expected by mid-March; ETFs launch by mid-May.
Similar to JPX Prime 150, KRX aims to target enhancing equity spread and PBR trends (+1.0x) while also integrating dividend growth rate. KOSDAQ stocks may be omitted.
NPS's role is vital for the Korea Premium Index, yet aligning its passive strategy with this index faces challenges. Ongoing discussions aim to adjust regulations for this index investment.


What We've Gathered Thus Far Regarding KOREA PREMIUM INDEX: Schedule, Methodology, & NPS

<ul>
<li>Government sees foreign investors as key for Corporate Value-Up success, considering reinstating short selling.</li>
<li>Planning to expand short selling beyond 350 stocks, but anticipating pushback from retail investors, likely capping additional stocks around 100.</li>
<li>The head of the Financial Supervisory Service will formally disclose these plans during the upcoming short selling conference scheduled for March 13th.</li>
</ul>


Government sees foreign investors as key for Corporate Value-Up success, considering reinstating short selling.
Planning to expand short selling beyond 350 stocks, but anticipating pushback from retail investors, likely capping additional stocks around 100.
The head of the Financial Supervisory Service will formally disclose these plans during the upcoming short selling conference scheduled for March 13th.


Clearing up Confusion About Bringing Back Short Selling in Korea

<ul>
<li>Insiders must disclose transaction details, complete deals within 30 days, limit deviations to 30%, and submit disclosures 30 days before transactions.</li>
<li>Financial investors, including institutional ones, are exempt. This encompasses local pension funds (including NPS) and foreign financial investors. Deals under 1% of total shares and less than ₩5B are exempt.</li>
<li>Confirmation of the timeline indicates many block deals before July. We should hunt potential deals for proactive setups. Also, we should monitor basis widening in futures due to short-selling ban.</li>
</ul>


Insiders must disclose transaction details, complete deals within 30 days, limit deviations to 30%, and submit disclosures 30 days before transactions.
Financial investors, including institutional ones, are exempt. This encompasses local pension funds (including NPS) and foreign financial investors. Deals under 1% of total shares and less than ₩5B are exempt.
Confirmation of the timeline indicates many block deals before July. We should hunt potential deals for proactive setups. Also, we should monitor basis widening in futures due to short-selling ban.


Confirmed: Conditions & Schedule of Block Deals Pre-Disclosure Rules in Korea

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)

EQD | KOSPI 200 WEEKLY Buy-The-Dip Opportunity

KOSPI 200 pulling back for 2nd week, potential opportunity to go LONG if pullback limited to reaching targets between 365 and 338. Caution advised...

Nico Rosti

EQD | KOSPI 200 WEEKLY Bottom May Be Behind the Corner

The KOSPI 200 INDEX is falling for the second week in a row, a modest pullback that may present a buying opportunity in the support price area...

Nico Rosti

What We've Gathered Thus Far Regarding KOREA PREMIUM INDEX: Schedule, Methodology, & NPS

This post summarizes what the market has gathered thus far regarding the KOREA PREMIUM INDEX: schedule, methodology, and NPS participation.

Sanghyun Park

Clearing up Confusion About Bringing Back Short Selling in Korea

There's been a bit of a mix-up about bringing back short selling in Korea. This post is here to clear things up and explain what's really happening...

Sanghyun Park

Confirmed: Conditions & Schedule of Block Deals Pre-Disclosure Rules in Korea

This post details specific conditions and the implementation schedule for Korea's block deals pre-disclosure rules, officially confirmed by the...

Sanghyun Park

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

EQD | KOSPI 200 WEEKLY Buy-The-Dip Opportunity

​KOSPI 200 pulling back for 2nd week, potential opportunity to go LONG if pullback limited to reaching targets between 365 and 338. Caution advised...

Nico Rosti

EQD | KOSPI 200 WEEKLY Bottom May Be Behind the Corner

​The KOSPI 200 INDEX is falling for the second week in a row, a modest pullback that may present a buying opportunity in the support price area...

Nico Rosti

What We've Gathered Thus Far Regarding KOREA PREMIUM INDEX: Schedule, Methodology, & NPS

This post summarizes what the market has gathered thus far regarding the KOREA PREMIUM INDEX: schedule, methodology, and NPS participation.

Sanghyun Park

Clearing up Confusion About Bringing Back Short Selling in Korea

There's been a bit of a mix-up about bringing back short selling in Korea. This post is here to clear things up and explain what's really happening...

Sanghyun Park

Confirmed: Conditions & Schedule of Block Deals Pre-Disclosure Rules in Korea

This post details specific conditions and the implementation schedule for Korea's block deals pre-disclosure rules, officially confirmed by the...

Sanghyun Park

KOSPI 200 pulling back for 2nd week, potential opportunity to go LONG if pullback limited to reaching targets between 365 and 338. Caution advised...

The KOSPI 200 INDEX is falling for the second week in a row, a modest pullback that may present a buying opportunity in the support price area...