[Korea hyerin nine financial newspaper reporter] had KOSPI200 index of Samsung weight to the approaching close to 30%. Yu said the large switching current hits Securities trading concerns regarding the division of Samsung Electronics, a very big situation, pointed out the limitations of market capitalization index calculation method.
Korea Exchange has announced that it will apply the Global Industry Classification '(GICS) sector classification based on the index KOSPI200 15 days. The changed selection criteria KOSPI200 index. The revised cumulative market capitalization from 70% to 80%, and will also improve the buffer (buffer) criteria for remaining stocks little changed in a way that better reflects the market value.
However, tongyang securities yijungho researchers' problem is that there is no mention of the criteria changes for such potential stocks split, other constituents events that occur in the future market, "said," a large-scale switching transactions involving division and Samsung In the current market It said the situation is a very big concern "was expressed disapproval.
KOSPI200 index more of the previous day closing price of Samsung Electronics recorded a 28.27 percent showed a level almost close to 30%. The researchers' Overweight Samsung Electronics is also the limits of market capitalization method index calculation, but it is also a limitation unavoidable appearing turned at the same time it calculates the index by flow rate criteria 'said, "Past Finland will not forget the Nokia case' he said.
Finland, the current economic decline is attributable to the loss of competitive smartphone market, Nokia. Nokia accounted for 70% of market capitalization in 2007, the Helsinki market, accounted for 24% of gross domestic product (GDP). After all, the economic structure are absolutely dependent on large companies is explained that risk.
Meanwhile, the exchange is taking advantage of the current "Standard Industrial Classification" in the selection index (KSIC). However, with that he said judgment also applies to the classification system of eight to nine year GICS industry group is does not reflect the current criteria, such as IT and BT, which increased the share in new industries.
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