KRX suggests index of stocks from other Asian countries

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KRX suggests index of stocks from other Asian countries

Korea’s main bourse operator has proposed an index of leading shares on other exchanges in Asian countries, such as Shanghai, Tokyo and Taiwan.

The Korea Exchange (KRX) said on Monday that if other countries agreed on the plan to develop a so-called “Asian Index,” a detailed procedure will be discussed.

KRX said the idea was proposed at the Asian Exchange Forum held in Taiwan between July 23 and 24.

In an interview with Yonhap News Agency, KRX Chairman Choi Kyung-soo said based on the launch of the new index, he hoped other financial products such as derivatives could be developed as well.

“Leading the development of a joint index of Asia will become an opportunity for the KRX to grow as a financial hub in Asia,” Choi said in the interview.

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