LG Innotek Newly Added to MSCI Korea Index, Four Including LG Display Removed
LG Innotek has been newly included in the Morgan Stanley Capital International (MSCI) Korea Index. Meanwhile, four stocks—HLB, LG Display, POSCO International, and Samsung Epis Holdings—have been excluded from the index.
On August 13, global index provider MSCI announced the results of its regular August review and made these adjustments to the Korea Index constituents. The index rebalancing will be carried out based on closing prices after the market closes on August 31, and the revised index will be applied from September 1.
MSCI adjusts the list of index components every year in February, May, August, and November during its regular reviews, based on both the total market capitalization and free-float market capitalization. In the previous regular review in May, three stocks—Hanjin KAL, HD Hyundai Marine Solution, and SK Biopharmaceuticals—were excluded from the index, while no new stocks were added.
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The MSCI Index serves as a benchmark for global investors. When a stock is included in the index, global passive funds that track the index flow in. However, when a stock is excluded from the index, outflows of capital may occur.
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