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About KOSPI 200
Korea 200 (KR200) tracks a KRW-based, capitalization-weighted index of 200 large-cap South Korean companies, serving as the primary benchmark for the South Korean equity market. The oracle follows the index's native level without FX conversion.
On Hyperliquid, KR200 trades as a HIP-3 synthetic perpetual on the xyz decentralized exchange, with its own mark price, funding rate and liquidity.
KR200 is listed as a Hyperliquid HIP-3 perpetual market. Prices track traditional-asset exposure synthetically and do not represent ownership of the underlying shares, ETFs, commodities, or cash instruments. Educational market data only — not investment advice.
Sector tags: Equity Indices.
Frequently Asked Questions
- Does trading KR200 give me any ownership in the 200 companies in the index?
- No. KR200 is a synthetic perpetual with no delivery mechanism or arbitrage bridge to the actual index constituents or any index fund. It gives price exposure to the index level only — there are no shareholder rights, no dividends, and no claim on any of the underlying companies.
- Why doesn't KR200 convert its price to USD the way some other markets do?
- KR200 is designed to track the Korea 200 index at its published native level, so the oracle follows that KRW-based index number directly rather than converting it into an equivalent USD figure. That's different from markets on individual foreign stocks (like SMSN or HYUNDAI), where the oracle does convert a foreign-currency share price into USD.
- How is KR200 different from other names, like EWY?
- KR200 tracks the Korea 200 index at its native KRW level, with the oracle applying no currency conversion. EWY, by contrast, is a U.S.-listed ETF share that already converts South Korean-equity exposure into a single USD-denominated price.
- What is KR200 on Hyperliquid?
- KR200 on Hyperliquid is a HIP-3 synthetic perpetual contract that tracks the Korea 200, a KRW-based, capitalization-weighted index of 200 large-cap South Korean companies and the primary benchmark for the South Korean equity market. It trades 24/7 on the xyz decentralized exchange within the Hyperliquid ecosystem.
- Why can KR200's Hyperliquid price differ from the underlying market's price?
- KR200's price on Hyperliquid comes from a synthetic market with no delivery mechanism or arbitrage bridge to the underlying, so nothing forces the two to match at all times. The perpetual's price is driven by positioning, expectations, and funding rates on Hyperliquid, and significant divergence from the underlying price is possible.
- Can I trade KR200 on Hyperliquid around the clock?
- Yes. KR200 trades 24/7 as a HIP-3 synthetic perpetual on the xyz decentralized exchange within the Hyperliquid ecosystem, with no settlement delay — you can open, hedge, or close a position at any time, even outside the underlying market's regular trading hours.
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