Finance
KRX develops joint indexes with Hang Seng Indexes Company
Korea Exchange agreed on Tuesday to develop joint indexes with Hang Seng Indexes Company and announced four new indexes, including one flagship index and three theme indexes such as tech and bio. The indexes combine benchmark and semiconductor and biotech themes from South Korea and Hong Kong, with a 65 percent Hong Kong and 35 percent South Korea weighting. The structure is designed to meet ETF Connect requirements and be maintained through monthly rebalancing.
