In today’s briefing:
- KOSPI200/KOSDAQ150 Index Rebalances: KRX Increases Opacity on Stock Selection
- A Major Defense Cooperation Between Saudi Arabia and South Korea Likely
KOSPI200/KOSDAQ150 Index Rebalances: KRX Increases Opacity on Stock Selection
- KRX has amended the stock selection methodology for the KOSPI2 INDEX and KOSDQ150 INDEX and added ‘Expert Judgement’ as a criteria.
- The qualitative and quantitative criteria and the detailed filtering standards will be described in the manual but will NOT be publicly disclosed.
- There is no change from using full market cap to free float market cap in stock selection, so the stocks that could be added/deleted will be broadly same as forecasts.
A Major Defense Cooperation Between Saudi Arabia and South Korea Likely
- In the past several days, there have been numerous local news about a substantial defense cooperation between Saudi Arabia and South Korea.
- This could result in billions of dollars in new military/defense related systems new orders for numerous companies in Korea in the coming decade.
- If there are major long-term arms deal between Saudi Arabia and South Korea, it could benefit the top defense companies in Korea including Hanwha Aerospace and Korea Aerospace Industries.
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