Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Highly experienced ex-Delta One trader with 17 years of experience trading arbitrage and related strategies across Asian markets.

Exempt Financial Adviser (EFA) under CrossASEAN Research Pte Ltd.

It is important to note that the information provided by Periscope Analytics is based on publicly available data and own knowledge, which has been gathered and synthesized from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions.

All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include, but are not limited to, company announcements, exchange filings, ETF and other passive investment vehicle holdings, and free float and volume data from third-party data providers. Periscope Analytics does not guarantee the accuracy and completeness of the forecasts, estimates and/or other information.

Pan-Asia Index Rebalances/ Events/ Delta One

Baidu (9888 HK): Secondary to Dual Primary Conversion; US$1.5bn Passive Buy + Stock Connect

SHEIN Global (625 HK): Delayed Index Inclusions; Stock Connect Next September

KWEB Ad Hoc Index Rebalance: 14 Adds and Over US$2bn Trade

CSI Hong Kong Connect Internet Index Rebalance Preview: 6 Changes & US$700m Trade

CSI Hong Kong Connect Internet Index Rebalance: Large Flows & Impact on Friday

Netease (9999 HK): Becomes Dual-Primary Listed Next Week; Implications

HSTECH Index Rebalance: Leapmotor (9863 HK) To Replace ASMPT (522 HK) As Trade Hits US$3.5bn

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>
<a href="https://www.smartkarma.com/entities/netease-inc" target="_blank" data-smartkarma-citation="entities:29030:1" rel="noopener">NetEase (9999 HK)</a> converted from a Secondary Listing to a Dual Primary Listing on the <a href="https://www.smartkarma.com/entities/hong-kong-exchanges-clearing-ltd" target="_blank" data-smartkarma-citation="entities:490:1" rel="noopener">HKEX (388 HK)</a> on 30 June as added to Southbound Stock Connect the same day.</li>
<li>There has been steady buying in <a href="https://www.smartkarma.com/entities/netease-inc" target="_blank" data-smartkarma-citation="entities:29030:1" rel="noopener">NetEase (9999 HK)</a> via the link in the past 2 weeks and the inclusion in the HKC Internet index should double those holdings.</li>
<li>
<a href="https://www.smartkarma.com/entities/marketingforce-management-ltd" target="_blank" data-smartkarma-citation="entities:36572:1" rel="noopener">Marketingforce (2556 HK)</a> will be deleted from the index, and the stock could break to new lows as passives sell.</li>
</ul>



NetEase (9999 HK) converted from a Secondary Listing to a Dual Primary Listing on the HKEX (388 HK) on 30 June as added to Southbound Stock Connect the same day.
There has been steady buying in NetEase (9999 HK) via the link in the past 2 weeks and the inclusion in the HKC Internet index should double those holdings.

Marketingforce (2556 HK) will be deleted from the index, and the stock could break to new lows as passives sell.


Hong Kong Exchanges and Clearing (388 HK)

CSI HKC Internet Index Adhoc Rebalance: NetEase (9999 HK) Buying at the Close Today