Seoul: The Korea Exchange (KRX) announced its collaboration with Hong Kong's Hang Seng Indexes Company Ltd. (HSIL) to introduce four new cross-market stock indexes. This initiative is designed to enhance investment opportunities across critical industries in both the South Korean and Hong Kong markets.
According to Yonhap News Agency, the newly launched indexes include a combined benchmark index of the two countries and three thematic indexes concentrating on semiconductors, IT, and biotechnology. The asset allocation within these indexes is approximately 65 percent from Hong Kong and 35 percent from South Korea.
The KRX emphasized that these indexes aim to give investors broader exposure to the stock markets of both nations. This partnership emerges amid sustained investor interest, with the benchmark indexes of South Korea and Hong Kong having experienced significant gains of over 75 percent and 27 percent, respectively, in the previous year.
The KRX also expressed its intention to expand its collaboration with HSIL, with plans to introduce more thematic indexes targeting sectors with growing investor demand.