Friday May 5 2023
News Source: Global Exchanges
Focus: Derivative Market Segment
Type: General
Country: Korean Republic
On 4th May 2023, the Korea Exchange (KRX) announced that it will publish the Korean Composite Stock Price Index (KOSPI) United States dollar (USD) Spot Index, a strategic index that can bring about the effect of diversified investment in both stocks (KOSPI index) and the USD, from May 8th, 2023.
The KOSPI USD Spot Index was developed to meet the increasing investment demand to ease volatility and seek stable returns in response to the recent expansion of stock market uncertainties. The index is computed by reflecting the change of the Korean Republic won –to – United States dollar (KRW-to-USD) exchange rate compared to that of the base day, January 3rd, 2011, to the KOSPI index in the real time basis.
