Risk sentiment has eased, and megacap tech names are holding steady; Csop Mag Seven Etf (03454.HK) adds 2%.

NewTimeSpace News — After President Trump temporarily withdrew his tariff threat against Europe, risk appetite snapped back. Wall Street’s three major benchmarks rose for a second straight session Thursday as investors returned on the twin cushions of easing geopolitical tension and solid U.S. data. At 10:58 a.m., theCsop Mag Seven Etf(03454.HK) ETF was up nearly 2%.

Listed in Hong Kong by CSOP, 03454.HK tracks the Solactive U.S. Tech Giants Index — a one-ticket bundle of the Magnificent Seven: Microsoft, Apple, Nvidia, Alphabet, Amazon, Tesla and Meta. Capped at 20% per constituent and rebalanced quarterly, the index has delivered an annualised return of about 21% since its 2014 base date, with volatility above the S&P 500 but below a pure-chip gauge, making it the only HKEX product dedicated solely to the megacap tech cohort (Wind).

Headlines were soothed Wednesday when Trump told Davos he would not use force over Greenland and unveiled a future framework with NATO Secretary-General Mark Rutte, scrapping the 1 February tariffs planned against Germany, France, the U.K. and five other European nations. The announcement quickly unwound fears of a fresh trade spiral that had sent global markets tumbling on Tuesday.

U.S. BEA figures released alongside showed the November PCE price index +2.8% y/y and +0.2% m/m, both in line with consensus; core PCE was also +2.8% y/y, a tick higher than October. Personal spending rose 0.5% m/m, with real outlays up 0.3% for a second consecutive month, lifted by goods while services cooled.

NewTimeSpace Disclaimer: All content herein is the original work of NewTimeSpace. Any reproduction, reprinting, or use of this content in any other manner must clearly indicate the source as "NewTimeSpace". NewTimeSpace and its authorized third-party information providers strive to ensure the accuracy and reliability of the data, but do not guarantee the absolute correctness thereof. This content is for reference only and does not constitute any investment advice. All transaction risks shall be borne by the user.