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MSCI Korea Index removes 11 stocks, including 4 petrochem firms

Korea Economic Daily LogoKorea Economic Daily3h ago

MSCI Korea Index removes 11 stocks, including 4 petrochem firms - Korea Economic Daily

Quick Summary:

In a regular review of stocks included in the MSCI Korea Index, it crossed out Lotte Chemical, Enchem Co., GS Holdings Co., Hanmi Pharmaceutical Co., Kumho Petrochemical Co., battery material supplier L&F Co., LG Chem Ltd.'s preferred stock, game developer Netmarble Corp.and SK Bioscience Co., as well as two engineering companies: POSCO DX Co.and Samsung E&A Co.

Company name Estimated outflows following the MSCI Korea Index's rebalancing (in billion won) Samsung E&A 164.0 L&F 114.0 GS Holdings 102.0 Hanmi Pharmaceutical 94.0 Kumho Petrochemical 94.0 Enchem 89.0 (Source: Eugene Investment & Securities) MSCI indices serve as benchmarks for global investment funds.

MSCI, a global index compiler, said on Wednesday it has removed 11 stocks, including Lotte Chemical Corp., from its Korea index without any additions.

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Published On: 2025-02-12 @ 19:13:54 (3 hours ago)

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