Betting on SpaceX! Korean Brokerage Stocks Surge 200%, Xtrackers MSCI Korea UCITS ETF (02848.HK) Jumps Over 4%

NewTimeSpace Report: On February 19, Mirae Asset Securities' share price has surged over 200% year-to-date, as it is viewed as a proxy play for betting on SpaceX ahead of the space exploration giant's potential blockbuster initial public offering. TR Korea (02848.HK) opened up more than 4%. Notably, the fund has gained 141.33% over the past year.

According to HKEX data, TR Korea (02848.HK) tracks the MSCI Korea 20/35 Custom Index, a "capped index" designed by MSCI to comply with EU UCITS fund regulatory requirements. While maintaining representation and investability across South Korea's large- and mid-cap equity market, it reduces single-company risk through hard weight caps. SK Hynix, Samsung Electronics, NAVER, Hyundai Motor, and Shinhan Financial are among the top ten constituents.

Ha SeokKeun, Chief Investment Officer at Eugene Asset Management Co., stated that the robust South Korean stock market has driven fundamental improvements at Mirae Asset Securities, while its stake in SpaceX provides an additional catalyst, allowing investors to capture dual sources of value simultaneously.

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