US Stocks Stage V-Shaped Rebound; Large-Cap Techs Mostly Rally, Csop Mag Seven Etf (03454.HK) Surges Over 2%

NewTimeSpace News: Early this morning, the three major U.S. stock indices staged a V-shaped reversal intraday. Most large-cap U.S. tech stocks advanced, with Microsoft rising over 1%, while Apple, Tesla, Netflix, and Meta posted modest gains. As of 9:53 a.m.,Csop Mag Seven Etf(03454.HK) surged over 2%.

According to Hong Kong Exchanges and Clearing data,Csop Mag Seven Etf(03454.HK) is an exchange-traded fund (ETF) listed in Hong Kong by CSOP Asset Management, tracking the performance of the Solactive US Magnificent 7 Index, which comprises Alphabet, Amazon, Apple, Meta, Microsoft, NVIDIA, and Tesla.

The fund offers one-click access to the U.S. "Magnificent 7" — Microsoft, Apple, NVIDIA, Google, Amazon, Tesla, and Meta — with a 20% weight cap and quarterly rebalancing. Since its base date at the end of 2014, the index has delivered an annualized return of approximately 21%, exhibiting higher volatility than the S&P 500 but lower than pure-play semiconductor indices, making it the only tool-based product in the Hong Kong market exclusively focused on the Magnificent 7. (Data source: Wind)

On the news front, NVIDIA has once again become Morgan Stanley's top pick in the semiconductor sector, reclaiming the position from Micron Technology. Analyst Joseph Moore emphasized that this shift reflects an "interesting debate" over whether memory chip stocks or NVIDIA shares represent the best way to participate in the artificial intelligence (AI) boom.

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