Quantitative Researcher, MRM Research

Nico Rosti

Quantitative Researcher

MRM Research

Quantitative Research

Event-Driven

Korea Stock Exchange KOSPI 200 / Event-Driven

<ul>
<li>This is an update to our previous insight published on April 22nd: "<a href="https://www.smartkarma.com/insights/eqd-kospi-200-weekly-bounce-rally-or-not" target="_blank" rel="noopener">EQD | KOSPI 200 WEEKLY Bounce: Rally or Not?</a>".</li>
<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> has performed a nearly +6% rally in the last 3 weeks, closing up 3 weeks in a row (CC=+3).</li>
<li>We have something to say about this pattern that was identified 3 weeks and ago and so we wanted to post this insight to explicit our view.</li>
</ul>


This is an update to our previous insight published on April 22nd: "EQD | KOSPI 200 WEEKLY Bounce: Rally or Not?".
The KOSPI 200 INDEX  has performed a nearly +6% rally in the last 3 weeks, closing up 3 weeks in a row (CC=+3).
We have something to say about this pattern that was identified 3 weeks and ago and so we wanted to post this insight to explicit our view.


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>Nextrade aims to secure the business permit within the next year's second half. They intend to launch their services by the end of next year or early the following year.</li>
<li>All eyes are focused on the proposal to be operational from 8:30 AM to 11:59 PM, with the afternoon call auction session running from 3:00 PM to 6:00 PM.</li>
<li>It would be crucial to observe how the elongation of the time period for specific issues to be reflected in prices could potentially lead to changes in intraday flow patterns.</li>
</ul>


Nextrade aims to secure the business permit within the next year's second half. They intend to launch their services by the end of next year or early the following year.
All eyes are focused on the proposal to be operational from 8:30 AM to 11:59 PM, with the afternoon call auction session running from 3:00 PM to 6:00 PM.
It would be crucial to observe how the elongation of the time period for specific issues to be reflected in prices could potentially lead to changes in intraday flow patterns.


Preparing for ATS Arrival in Korea: Strategies to Adapt to Changing Intraday Flow Patterns

<ul>
<li>Chosun reports Korean financial authorities advance Value-up plan guidelines to May 2nd, citing momentum decline post-election. Chosun's credibility enhances report validity.</li>
<li>Companies will commence Value-up-related disclosures in alignment with the guidelines within May. A dedicated Value-up website is set to launch in May.</li>
<li>The May 2nd guideline release date is crucial for Value-up momentum trading. Anticipate heightened volatility in Value-up stocks approaching this date.</li>
</ul>


Chosun reports Korean financial authorities advance Value-up plan guidelines to May 2nd, citing momentum decline post-election. Chosun's credibility enhances report validity.
Companies will commence Value-up-related disclosures in alignment with the guidelines within May. A dedicated Value-up website is set to launch in May.
The May 2nd guideline release date is crucial for Value-up momentum trading. Anticipate heightened volatility in Value-up stocks approaching this date.


Korea Value-Up Guidelines Release Date Is Set for May 2nd

<ul>
<li>Today's reveal includes two main parts: first, setting up internal balance management for investors; second, building the detection system to block naked short-selling.</li>
<li>FSC and FSS haven't provided a set date for system completion but suggest it may start late this year or early next year. Uncertainty remains on overseas investor participation.</li>
<li>A decision on short selling is due in June, but no confirmation was given today. However, the local market anticipates short selling resuming before this system is fully operational.</li>
</ul>


Today's reveal includes two main parts: first, setting up internal balance management for investors; second, building the detection system to block naked short-selling.
FSC and FSS haven't provided a set date for system completion but suggest it may start late this year or early next year. Uncertainty remains on overseas investor participation.
A decision on short selling is due in June, but no confirmation was given today. However, the local market anticipates short selling resuming before this system is fully operational.


Today, Korean Regulators Unveiled an Electronic System Aimed at Blocking Naked Short-Selling

<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> has closed down for 3 consecutive weeks (CC=-3), it is WEEKLY oversold.</li>
<li>If the index rallies this week, it could reach &gt;362 (Q2 resistance) and that could be enough to end the bounce.</li>
<li>Our hypothesis is that the index will pull back again, after the bounce, next week (if this week ends with a positive WEEKLY close).</li>
</ul>


The KOSPI 200 INDEX has closed down for 3 consecutive weeks (CC=-3), it is WEEKLY oversold.
If the index rallies this week, it could reach &gt;362 (Q2 resistance) and that could be enough to end the bounce.
Our hypothesis is that the index will pull back again, after the bounce, next week (if this week ends with a positive WEEKLY close).


EQD | KOSPI 200 WEEKLY Bounce: Rally or Not?

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 Ready to Pullback

The KOSPI 200 Index has performed a nearly +6% rally in 3 weeks, but overall the uptrend looks weak. Our models say the index should correct this...

Nico Rosti

Preparing for ATS Arrival in Korea: Strategies to Adapt to Changing Intraday Flow Patterns

The Financial Services Commission and the Financial Supervisory Service announced that they will launch the Alternative Trading System (ATS) called...

Sanghyun Park

Korea Value-Up Guidelines Release Date Is Set for May 2nd

Practically confirmed for May 2nd, Korea's Value-up guidelines release date holds significant importance for traders anticipating momentum shifts.

Sanghyun Park

Today, Korean Regulators Unveiled an Electronic System Aimed at Blocking Naked Short-Selling

Today, Korean regulators, the Financial Services Commission and the Financial Supervisory Service, unveiled the long-awaited computer system...

Sanghyun Park

EQD | KOSPI 200 WEEKLY Bounce: Rally or Not?

The KOSPI 200 INDEX is oversold WEEKLY and may rally to >362, but not much further up than that: ending the bounce this week, it could pull back...

Nico Rosti

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

EQD | KOSPI 200 Ready to Pullback

The KOSPI 200 Index has performed a nearly +6% rally in 3 weeks, but overall the uptrend looks weak. Our models say the index should correct this...

Nico Rosti

Preparing for ATS Arrival in Korea: Strategies to Adapt to Changing Intraday Flow Patterns

The Financial Services Commission and the Financial Supervisory Service announced that they will launch the Alternative Trading System (ATS) called...

Sanghyun Park

Korea Value-Up Guidelines Release Date Is Set for May 2nd

Practically confirmed for May 2nd, Korea's Value-up guidelines release date holds significant importance for traders anticipating momentum shifts.

Sanghyun Park

Today, Korean Regulators Unveiled an Electronic System Aimed at Blocking Naked Short-Selling

Today, Korean regulators, the Financial Services Commission and the Financial Supervisory Service, unveiled the long-awaited computer system...

Sanghyun Park

EQD | KOSPI 200 WEEKLY Bounce: Rally or Not?

​The KOSPI 200 INDEX is oversold WEEKLY and may rally to >362, but not much further up than that: ending the bounce this week, it could pull back...

Nico Rosti

The KOSPI 200 INDEX is oversold WEEKLY and may rally to >362, but not much further up than that: ending the bounce this week, it could pull back...