China's Stimulus Expectations Drive ETF Surge
Expectations for China's economic stimulus measures have propelled China-related exchange-traded funds (ETFs) to secure the top five positions in weekly returns. 'TIGER China Hang Seng Tech Leverage' led with a weekly return of 40.68%, followed by 'TIGER China Electric Vehicle Leverage' at 37.43%, and 'TIGER China CSI300 Leverage' at 31.76%. The Chinese government implemented robust monetary policies, such as reducing the reserve requirement ratio and loan prime rates, resulting in significant gains for the CSI300 and Hang Seng Tech indices, which rose by 15.7% and 20.2%, respectively.
Global investment banks have issued optimistic reports on Chinese equities; however, they caution that a long-term upward trend is not yet confirmed. Meanwhile, the Korea Exchange (KRX) reported that some component stocks of the Korea Value Up Index are experiencing declines in operating profit forecasts, which may negatively impact related ETF returns. NCSoft, Doosan Bobcat, JYP Entertainment, and HD Hyundai Infracore are among the notable companies seeing decreased profit expectations. The KRX is considering modifying some of the index components within the year.
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