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ETF movement | GlobalX Asia Semiconductor (03119) rises nearly 3% as signs of US-China negotiations boost market sentiment, with Asia-Pacific technology sector seeing a broad rally.
GlobalX Asia Semiconductor (03119) rose by nearly 3%, as of the time of writing, it was up by 2.64% at HK$134.05, with a trading volume of HK$8.48 million.
GlobalX Asia Semiconductor (03119) rose nearly 3% as of the time of publication, up 2.64% to HK$134.05, with a turnover of HK$848.12 million. On the news front, as signs of a restart in negotiations between Iran and the United States boost market sentiment, stocks related to artificial intelligence (AI) are back in the spotlight, driving the South Korean stock market to a historic high and also lifting the Chinese Taiwan stock market once again. As of April 21, the Korea Composite Stock Price Index (KOSPI) closed up 2.71%, reaching a historic high. This tech-heavy index had previously suffered losses due to the Middle East conflict, but all gains were recovered in the previous trading day. In addition, some industry analysts have pointed out that the semiconductor heat continues, boosted by new highs in US chip stocks, with the Asia-Pacific technology sector showing strength across the board on Tuesday. Anna Wu, a cross-asset strategist at Van Eck Associates Corp., believes that as market focus shifts from geopolitical conflict news to corporate earnings and AI demand, tech themes are back in focus, leading to the rise in the South Korean stock market and investors rebuilding confidence in "chasing gains."
Trust Aoyan Fund's Feng Mingyuan made major portfolio adjustments in the first quarter: abandoned AI electronics and reinvested in new energy.
ETF anomaly | TR Korea (02848) rose more than 3% Korea's exports increased by 49% in the first 20 days of April, with semiconductor exports skyrocketing by 182.5%.
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