TWSE, KRX launch cross-border IT index

Focus Taiwan
Date: 2017/09/08
By: Tien Yu-pin and Kuan-lin Liu

Taipei, Sept. 8 (CNA) The Taiwan Stock Exchange (TWSE) and the Korea Exchange

Lee Chi-hsien (李啟賢, left) and Chan Woo Jeong (Image taken from TWSE’s website)

(KRX) launched a cross-border IT index at the annual meeting of the World Federation of Exchanges in Bangkok Friday.

The Korea Taiwan IT Premier (ITP) is “the first step toward creating an index representing Asia,” Chan Woo Jeong, chairman and CEO of KRX, stated in reference to the lack of a global index in the Asia-Pacific region, according to a press release issued by the TWSE.

On the appeal of the index, TWSE President Lee Chi-hsien (李啟賢) noted that it “provides the solution to leveraging each other’s (South Korea and Taiwan’s) strengths to attract global capital investment in the two markets.”

The index is a product-driven index that consists of the Premier IT stocks investors prefer and provides a risk hedge tool for investors, Chan said as he continued to stress the points of attraction of the index for global investors.    [FULL  STORY]

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