Market Reactions to US-China Tariff Negotiations
The resolution of tariff negotiations between the US and China has led to a slowdown in the growth of gold investment ETFs, with gold-related products experiencing a decline. 'ACE KRX Gold Spot', 'KODEX Gold Futures (H)', and 'TIGER Gold Futures (H)' are notable examples of this downturn. Conversely, with copper prices rising due to industrial demand, 'Shinhan Copper Futures ETN (H)' and 'Meritz Leverage Copper Futures ETN (H)' have reported gains.
The announcement of a US-China trade agreement has resulted in a surge in US ETFs listed in South Korea. The 'TIGER US Philadelphia Semiconductor Leverage' ETF, in particular, rose by 8.71%. Analysts predict a shift from the 'Sell America' phenomenon and anticipate changes in global asset allocation strategies. Y.S. Min from Samsung Securities has upgraded his investment assessment, citing the strengthening resilience of the US stock market.
Following US-China trade negotiations in Geneva, US tech stock ETFs have experienced a significant rise. The reduction of US tariffs on Chinese goods and the suspension of additional tariffs by China have further strengthened the Philadelphia Semiconductor Index and major US tech stocks, raising expectations for market recovery.
Lastly, alongside the news of tariff reductions, Chinese-related ETFs such as KWEB and FXI, as well as stocks of Chinese companies JD, Baidu, and Alibaba, have seen upward trends. Despite Alibaba's upcoming earnings report, Wall Street anticipates a decline in their quarterly earnings compared to previous reports.
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