Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

Korea Stock Exchange KOSPI 200 / Event-Driven

<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>KOSPI 200 is also used as the underlying index for various financial products such as ETPs, ELS, index funds, and futures/options.</li>
<li>In this insight, we take a brief look at the index selection methodology and the historical price and volume performance of KOSPI 200 index rebalance baskets.</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).
KOSPI 200 is also used as the underlying index for various financial products such as ETPs, ELS, index funds, and futures/options.
In this insight, we take a brief look at the index selection methodology and the historical price and volume performance of KOSPI 200 index rebalance baskets.


Quiddity Primer for KOSPI 200 Index Rebal Events (2024)

Quantitative Researcher, MRM Research

Nico Rosti

Quantitative Researcher

MRM Research

Quantitative Research

<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> last week displayed and impressive bounce, maybe too impressive, too quick, too fast. </li>
<li>A short-selling ban is in place until June 2024 for this market, but that does not mean it cannot pull back: according to our models the KOSPI 200 INDEX is OVERBOUGHT.</li>
<li>We expect a pullback next week, unless the index closes this week down, in that case SHORT resistance levels will be reset.</li>
</ul>


The KOSPI 200 INDEX last week displayed and impressive bounce, maybe too impressive, too quick, too fast. 
A short-selling ban is in place until June 2024 for this market, but that does not mean it cannot pull back: according to our models the KOSPI 200 INDEX is OVERBOUGHT.
We expect a pullback next week, unless the index closes this week down, in that case SHORT resistance levels will be reset.


EQD | KOSPI 200 Rally: WEEKLY Resistance Levels

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>We can use KRX to access PER, PBR, and dividend yield. However, except for PER, the data, being based on the most recent information, limits its usefulness for proactive positions.</li>
<li>So, we should look into FnGuide, which aggregates and provides exclusive consensus data. This website also requires payment for access.</li>
<li>However, FnGuide provides some data for free, including PBR. Therefore, we can make use of this within the scope of its free offerings.</li>
</ul>


We can use KRX to access PER, PBR, and dividend yield. However, except for PER, the data, being based on the most recent information, limits its usefulness for proactive positions.
So, we should look into FnGuide, which aggregates and provides exclusive consensus data. This website also requires payment for access.
However, FnGuide provides some data for free, including PBR. Therefore, we can make use of this within the scope of its free offerings.


An Optimal Way to Sourcing and Screening Data for Low PBR Theme Stocks in Korea

<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> closed the last week up, after 3 weeks down in a row (CC=-3).</li>
<li>The index could pullback again this week, after last week's bounce, support is around 332-325 or, if the market goes lower, around the 313 price area. </li>
<li>Most likely the pullback will last only for 1-2 weeks (if any), but caution is advised: a longer pullback that could reach below 313 is not impossible.</li>
</ul>


The KOSPI 200 INDEX closed the last week up, after 3 weeks down in a row (CC=-3).
The index could pullback again this week, after last week's bounce, support is around 332-325 or, if the market goes lower, around the 313 price area. 
Most likely the pullback will last only for 1-2 weeks (if any), but caution is advised: a longer pullback that could reach below 313 is not impossible.


<ul>
<li>KRX notified local brokerages last week about allowing market orders for single stock futures (SSF) from April. Currently, 192 SSFs are listed.</li>
<li>Anticipating short-term effects, heightened frequency and impact of erroneous orders may cause spot market confusion. KRX plans real-time bid disclosure for SSFs to prevent price distortions.</li>
<li>Nonetheless, we will likely observe SSF price volatility surges. Real-time bid exposure could exacerbate volatility due to premature information revelation. Preemptive position setups considering these factors are advised.</li>
</ul>


KRX notified local brokerages last week about allowing market orders for single stock futures (SSF) from April. Currently, 192 SSFs are listed.
Anticipating short-term effects, heightened frequency and impact of erroneous orders may cause spot market confusion. KRX plans real-time bid disclosure for SSFs to prevent price distortions.
Nonetheless, we will likely observe SSF price volatility surges. Real-time bid exposure could exacerbate volatility due to premature information revelation. Preemptive position setups considering these factors are advised.


KRX Introduces Market Orders for Single Stock Futures: Potential Trading Impacts

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
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Korea Stock Exchange KOSPI 200 (KOSPI2 INDEX EQUITY)

Quiddity Primer for KOSPI 200 Index Rebal Events (2024)

This is Quiddity Primer for the KOSPI 200 Index. It is meant as a reference insight for the Quiddity Leaderboards for KOSPI 200 to follow and to...

Travis Lundy

EQD | KOSPI 200 Rally: WEEKLY Resistance Levels

The KOSPI 200 INDEX performed an impressive bounce last week, it is overbought according to our models and may pullback next week. Going SHORT is...

Nico Rosti

An Optimal Way to Sourcing and Screening Data for Low PBR Theme Stocks in Korea

This post outlines the most effective method for accessing and screening low PBR data through Korean local data providers.

Sanghyun Park

EQD | The KOSPI 200 Could Go Lower

The KOSPI 200 INDEX ended last week up after 3 consecutive weeks down. It could pullback again this week, support levels are at 332-325 or...

Nico Rosti

KRX Introduces Market Orders for Single Stock Futures: Potential Trading Impacts

This post investigates KRX's plans to introduce market orders for single stock futures in Korea and looks into potential impacts from a trading...

Sanghyun Park

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Quiddity Primer for KOSPI 200 Index Rebal Events (2024)

This is Quiddity Primer for the KOSPI 200 Index. It is meant as a reference insight for the Quiddity Leaderboards for KOSPI 200 to follow and to...

Travis Lundy

EQD | KOSPI 200 Rally: WEEKLY Resistance Levels

​The KOSPI 200 INDEX performed an impressive bounce last week, it is overbought according to our models and may pullback next week. Going SHORT is...

Nico Rosti

An Optimal Way to Sourcing and Screening Data for Low PBR Theme Stocks in Korea

This post outlines the most effective method for accessing and screening low PBR data through Korean local data providers.

Sanghyun Park

EQD | The KOSPI 200 Could Go Lower

​The KOSPI 200 INDEX ended last week up after 3 consecutive weeks down. It could pullback again this week, support levels are at 332-325 or...

Nico Rosti

KRX Introduces Market Orders for Single Stock Futures: Potential Trading Impacts

This post investigates KRX's plans to introduce market orders for single stock futures in Korea and looks into potential impacts from a trading...

Sanghyun Park

The KOSPI 200 INDEX performed an impressive bounce last week, it is overbought according to our models and may pullback next week. Going SHORT is...

The KOSPI 200 INDEX ended last week up after 3 consecutive weeks down. It could pullback again this week, support levels are at 332-325 or...