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

Index Rebalance

<ul>
<li>With 70% of the review period complete, there could be 14 constituent changes for the <a href="https://www.smartkarma.com/entities/kosdaq-150-index" target="_blank" data-smartkarma-citation="entities:31077:1" rel="noopener">KOSDAQ 150 Index (KOSDQ150 INDEX)</a> in June.</li>
<li>There has been huge interest in the KOSDAQ market lately and that has led to big ETF creations in the last few months. That leads to increased flow and impact.</li>
<li>The forecast adds have MASSIVELY outperformed the forecast deletes over the last few months and in the last week. While the flow/impact are huge, watch out for short-term reversal.</li>
</ul>


With 70% of the review period complete, there could be 14 constituent changes for the KOSDAQ 150 Index (KOSDQ150 INDEX) in June.
There has been huge interest in the KOSDAQ market lately and that has led to big ETF creations in the last few months. That leads to increased flow and impact.
The forecast adds have MASSIVELY outperformed the forecast deletes over the last few months and in the last week. While the flow/impact are huge, watch out for short-term reversal.


KOSDAQ150 Index Rebalance Preview: Soaring AUM and Increased Flow/Impact

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Douglas Research Advisory

<ul>
<li>This insight provides an update on the KOSDAQ 150 rebalance candidates in June 2026.</li>
<li>I provide 8 potential addition candidates to KOSDAQ 150 rebalance including Orum Therapeutics (475830 KS), Hyundai Movex (319400 KS), and Rokit Healthcare (376900 KS). </li>
<li>These 8 stocks are up on average 130.3% in the past six months, significantly outperforming KOSDAQ which is up 31.5% in the same period.</li>
</ul>


This insight provides an update on the KOSDAQ 150 rebalance candidates in June 2026.
I provide 8 potential addition candidates to KOSDAQ 150 rebalance including Orum Therapeutics (475830 KS), Hyundai Movex (319400 KS), and Rokit Healthcare (376900 KS). 
These 8 stocks are up on average 130.3% in the past six months, significantly outperforming KOSDAQ which is up 31.5% in the same period.


An Update on the KOSDAQ 150 Rebalance Candidates in June 2026

Event-Driven

<ul>
<li>On 6 November, <a href="https://www.smartkarma.com/entities/alteogen-inc" target="_blank" data-smartkarma-citation="entities:15886:1" rel="noopener">Alteogen Inc (196170 KS)</a>'s Board approved the delisting of the stock from the KOSDAQ market and the listing on the KOSPI market. Shareholders approved on 8 December.</li>
<li>
<a href="https://www.smartkarma.com/entities/alteogen-inc" target="_blank" data-smartkarma-citation="entities:15886:1" rel="noopener">Alteogen</a> has not yet applied to the KRX for the listing change. While the listing transfer approval had historically taken around 2-3 months, there have been no approvals recently.</li>
<li>
<a href="https://www.smartkarma.com/entities/alteogen-inc" target="_blank" data-smartkarma-citation="entities:15886:1" rel="noopener">Alteogen</a> will be deleted from the <a href="https://www.smartkarma.com/entities/kosdaq-150-index" target="_blank" data-smartkarma-citation="entities:31077:1" rel="noopener">KOSDAQ150 Index</a> on its last trading day and inclusion in the <a href="https://www.smartkarma.com/entities/korea-stock-exchange-kospi-200" target="_blank" data-smartkarma-citation="entities:26021:1" rel="noopener">KOSPI200 Index</a> will take place at the next regular rebalance (or earlier).</li>
</ul>


On 6 November, Alteogen Inc (196170 KS)'s Board approved the delisting of the stock from the KOSDAQ market and the listing on the KOSPI market. Shareholders approved on 8 December.

Alteogen has not yet applied to the KRX for the listing change. While the listing transfer approval had historically taken around 2-3 months, there have been no approvals recently.

Alteogen will be deleted from the KOSDAQ150 Index on its last trading day and inclusion in the KOSPI200 Index will take place at the next regular rebalance (or earlier).


Alteogen (196170 KS): Index Impact of KOSDAQ to KOSPI Transfer

<ul>
<li>In this insight, we provide an early look at the potential additions and deletions to KOSDAQ150 rebalance in June 2026.</li>
<li>We provide 8 potential deletion candidates including Seoul Semiconductor (046890 KS), Kolmar BNH (200130 KS), GOLFZON (215000 KS), and Devsisters (194480 KS).</li>
<li>Of the eight potential additions in KOSDAQ150 in June 2026, six of them are IPOs in 2025. </li>
</ul>


In this insight, we provide an early look at the potential additions and deletions to KOSDAQ150 rebalance in June 2026.
We provide 8 potential deletion candidates including Seoul Semiconductor (046890 KS), Kolmar BNH (200130 KS), GOLFZON (215000 KS), and Devsisters (194480 KS).
Of the eight potential additions in KOSDAQ150 in June 2026, six of them are IPOs in 2025. 


An Early Look at Potential Additions and Deletions to KOSDAQ150 in June 2026

<ul>
<li>In this insight, we discuss the potential KOSDAQ 150 rebalance candidates in June 2025.</li>
<li>The top 10 inclusion candidates have sharply outperformed KOSDAQ so far this year. These 10 stocks are up on average 75.3% YTD, outperforming KOSDAQ which is up 6.4% YTD.</li>
<li>The 10 potential deletion candidates in KOSDAQ 150 in June 2025 are down on average 0.9% YTD, underperforming KOSDAQ which is up 6.4% YTD. </li>
</ul>


In this insight, we discuss the potential KOSDAQ 150 rebalance candidates in June 2025.
The top 10 inclusion candidates have sharply outperformed KOSDAQ so far this year. These 10 stocks are up on average 75.3% YTD, outperforming KOSDAQ which is up 6.4% YTD.
The 10 potential deletion candidates in KOSDAQ 150 in June 2025 are down on average 0.9% YTD, underperforming KOSDAQ which is up 6.4% YTD. 


Potential KOSDAQ 150 Rebalance Candidates in June 2025

South Korea

Orum Therapeutics, Inc. operates as a clinical stage biotech company. The Company develops cell-penetrating antibodies, biomedical therapy applications, and pharmaceuticals for cancer and immune diseases. Orum Therapeutics serves clients worldwide.

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Orum Therapeutics (475830 KS)

KOSDAQ150 Index Rebalance Preview: Soaring AUM and Increased Flow/Impact

There could be 14 constituent changes for the KOSDAQ150 in June. AUM linked to the index has soared over the last couple of months. The forecast...

Brian Freitas

An Update on the KOSDAQ 150 Rebalance Candidates in June 2026

Update on KOSDAQ 150 rebalance candidates in June 2026, with 8 potential addition candidates showing significant outperformance.

Douglas Kim

Alteogen (196170 KS): Index Impact of KOSDAQ to KOSPI Transfer

Alteogen's shareholders have approved the KOSDAQ to KOSPI transfer. Given recent delays, the timeline could be long drawn out. KOSPI200 buying will...

Brian Freitas

An Early Look at Potential Additions and Deletions to KOSDAQ150 in June 2026

In this insight, we provide an early look at the potential additions and deletions to KOSDAQ 150 rebalance in June 2026. Of the eight potential...

Douglas Kim

Potential KOSDAQ 150 Rebalance Candidates in June 2025

The top 10 inclusion candidates have sharply outperformed KOSDAQ so far this year. These 10 stocks are up on average 75.3% YTD.

Douglas Kim

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52-week Range

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Dividend (Yield)

KOSDAQ150 Index Rebalance Preview: Soaring AUM and Increased Flow/Impact

There could be 14 constituent changes for the KOSDAQ150 in June. AUM linked to the index has soared over the last couple of months. The forecast...

Brian Freitas

An Update on the KOSDAQ 150 Rebalance Candidates in June 2026

​Update on KOSDAQ 150 rebalance candidates in June 2026, with 8 potential addition candidates showing significant outperformance.

Douglas Kim

Alteogen (196170 KS): Index Impact of KOSDAQ to KOSPI Transfer

Alteogen's shareholders have approved the KOSDAQ to KOSPI transfer. Given recent delays, the timeline could be long drawn out. KOSPI200 buying will...

Brian Freitas

An Early Look at Potential Additions and Deletions to KOSDAQ150 in June 2026

In this insight, we provide an early look at the potential additions and deletions to KOSDAQ 150 rebalance in June 2026. Of the eight potential...

Douglas Kim

Potential KOSDAQ 150 Rebalance Candidates in June 2025

The top 10 inclusion candidates have sharply outperformed KOSDAQ so far this year. These 10 stocks are up on average 75.3% YTD.

Douglas Kim

Update on KOSDAQ 150 rebalance candidates in June 2026, with 8 potential addition candidates showing significant outperformance.