KRX, Hang Seng Indexes Company launch four cross-market indexes

▲ The building of the Korea Exchange, in western Seoul, is seen in this undated file photo. (Yonhap)

KRX-Hang Seng-indexes

KRX, Hang Seng Indexes Company launch four cross-market indexes

SEOUL, March 31 (Yonhap) -- The Korea Exchange (KRX) said Tuesday it has partnered with Hong Kong's Hang Seng Indexes Company Ltd. (HSIL) to launch four cross-market stock indexes aimed at expanding investment opportunities across key industries in the two markets.

The lineup includes one index that combines the benchmark indexes of both countries, along with three thematic indexes focused on semiconductors, IT and biotechnology, the Korean bourse operator said.

The indexes are weighted at about 65 percent Hong Kong assets and 35 percent South Korean assets.

The KRX said the indexes are aimed at providing investors exposure to the broader stock market of the two countries.

The collaboration comes as investor interest in both markets has remained strong, with South Korea's and Hong Kong's benchmark indexes rising more than 75 percent and 27 percent, respectively, last year.

The KRX added that it plans to build on the partnership with HSIL and introduce additional thematic indexes in areas where investor demand is growing.

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