Middle East tensions ease! Asia-Pacific stocks rebound strongly, Xtrackers MSCI Korea UCITS ETF (02848.HK) surges over 8% at open
NewTimeSpace News:On Thursday, Asia-Pacific equities rebounded strongly, reversing the sharp declines seen in previous sessions. Market sentiment improved as overnight gains in U.S. stocks combined with easing investor concerns over Middle East conflicts and oil price spikes.
On the index front, South Korea’s KOSPI Index opened up 3.09% and extended gains to over 12% at one point. SK Hynix shares jumped nearly 15%, while Samsung Electronics climbed 14%. Xtrackers MSCI Korea UCITS ETF (02848.HK) surged more than 10% following a strong opening and maintained upward momentum.
According to Hong Kong Exchange data, Xtrackers MSCI Korea UCITS ETF (02848.HK) tracks the MSCI Korea 20/35 Custom Index—a "capped index" designed by MSCI to comply with EU UCITS (Undertakings for Collective Investment in Transferable Securities) regulatory requirements. The index maintains representation and investability across South Korea’s large and mid-cap equity market while mitigating single-company risk through strict weight caps. Top ten constituents include SK Hynix, Samsung Electronics, NAVER, Hyundai Motor, and Shinhan Financial Group.
On the policy front, South Korea’s Financial Services Commission stated after Wednesday’s market close that the likelihood of a "trend decline" remains low, adding that authorities will actively deploy the 100 trillion won market stabilization plan to address "excessive volatility."
During a cabinet meeting, South Korean President Lee Jae-myung called for addressing heightened financial market volatility, noting that the 100 trillion won market stabilization plan stands ready for deployment. He emphasized efforts to minimize the economic impact of Middle East tensions, warned of severe measures against those exploiting any energy shortages, and pledged to diversify the country’s energy import sources.
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