In today’s briefing:
- Yoon’s Impeachment Passed: Upcoming Schedule, Procedures, and Market Impact
- A Review of Major Equity Indices in Korea in 2024
- MarketVector Vietnam Local Index Rebalance: One Add, Float & Capping Changes
Yoon’s Impeachment Passed: Upcoming Schedule, Procedures, and Market Impact
- The impeachment motion against President Yoon passed in the South Korean National Assembly, clearing the two-thirds supermajority, and is now official.
- For the impeachment to fail, four justices must oppose it—highly unlikely given the current setup. The odds are heavily in favor of the impeachment being upheld.
- Corporate law reforms, driven by a likely Democratic Party takeover, could fuel value-up momentum and drive the local market, potentially sparking an unexpected rally through the May election.
A Review of Major Equity Indices in Korea in 2024
- In this insight, we review the major equity indices in Korea in 2024 including KOSPI 200 and Korea Value Up Index.
- Some alpha generating performances continue in terms of adding stocks to be included in the KOSPI 200 and reducing stocks that could be excluded.
- Korea Value Up Index has been heavily promoted by the Korean Exchange this year. Korea Exchange plans to make special changes to the Korea Value-Up Index constituents on 20 December.
MarketVector Vietnam Local Index Rebalance: One Add, Float & Capping Changes
- Sai Gon VRG Investment Corporation (SIP VN) will be added to the MarketVector Vietnam Local Index at the close on 20 December.
- Estimated one-way turnover is 5.1% and that results in a one-way trade of US$23m. There are a few stocks with more than 1x ADV to buy from passives.
- The largest passive inflows will be in VIX Securities (VIX VN), Vietnam Dairy Products JSC (VNM VN), Hoa Phat Group Jsc (HPG VN) and Vietcombank (VCB VN).
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