Fluctuations in Domestic and International ETF Markets
This week, in the domestic equity funds, Shinhan Asset Management's 'SOL Shipbuilding TOP3 Plus Leverage' topped the list with a remarkable 13.46% return. This surge is attributed to the recent U.S.-Korea summit, which heralded enhanced cooperation in the shipbuilding sector, along with news of a bid for Canada's submarine project. Semiconductor ETFs also showed upward trends thanks to Nvidia's strong second-quarter performance, with Samsung Asset's 'KODEX Semiconductor Leverage' and Mirae Asset's 'TIGER Korea-China Semiconductor' achieving gains of 10.16% and 8.76%, respectively. The KOSPI and KOSDAQ indices rose by 1.74% and 2.73%, buoyed by increasing AI demand.
Conversely, amid China's bolstered semiconductor self-reliance policies, the 'TIGER China Semiconductor FACTSET' ETF saw a weekly increase of 10.14%, catching investors’ eyes. Meanwhile, domestic secondary battery ETFs faced declines, particularly the 'BNK Secondary Battery Cathode Material' ETF, which fell by 6.21%. This is indicative of the market's reaction to China's inclusion of AI chip production growth in its national policy. Additionally, media-related ETFs struggled due to concerns over deteriorating China relations, negatively impacting investor sentiment.
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