Defense and Shipbuilding ETFs Surge, While Tech Stocks Decline
Recently, the domestic ETF market has witnessed a significant rise in defense and shipbuilding-related stocks. The 'TIGER Space Defense' ETF achieved a weekly increase of 19.37%, marking the highest performance, and 'Hanwha PLUS Global Defense ETF' followed with a substantial 17.63% gain. This upward trend is attributed to the pressure from the Trump administration for increased defense expenditure and the rise in defense budgets within Europe, which heightens the anticipated profit growth for defense companies, thus propelling the ascent of defense-related ETFs.
In addition, steel ETFs are also demonstrating positive momentum. The KODEX Steel ETF increased by 12.42%, reflecting optimism regarding China's anticipated steel production cuts, which is driving the strong performance of steel stocks. Conversely, ETFs related to U.S. technology stocks are struggling due to concerns over tariffs and trade disputes. Notably, the 'ACE Nvidia Value Chain Active' ETF suffered a significant blow, declining by 10.10%, making it the most adversely affected.
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