KRX and HKEX Develop Joint Semiconductor Theme Index

The Korea Exchange (KRX) announced on the 13th that it has developed the 'HKEX KRX Semiconductor Index,' a joint index composed of semiconductor companies from both Korea and Hong Kong, in collaboration with the Hong Kong Exchanges and Clearing Limited (HKEX).

Korea Exchange.

This joint index is designed to allow global investors to simultaneously invest in leading semiconductor companies from both Korea and Hong Kong.

The index is composed of 15 representative semiconductor companies from Korea and 15 from Hong Kong. The weighting is managed in accordance with the 'ETF Connect' requirement, which stipulates that eligible Hong Kong stocks must account for at least 60% of the index.

The Korean constituents are selected based on the 'KRX Semiconductor Top 15 Index,' while the Hong Kong constituents are chosen by HKEX. Details such as the weighting of individual stocks and the index methodology will be developed separately.

The Exchange stated, "If an ETF based on the joint index is listed in Hong Kong, it is expected to enhance global investors' access to the Korean stock market," adding, "We plan to support the development, listing, and activation of trading for ETFs based on the joint index, in collaboration with HKEX and local asset management companies."

This content was produced with the assistance of AI translation services.