Easing geopolitical tensions buoyed risk appetite, with U.S. technology stocks leading gains. Csop Mag Seven Etf (03454.HK) surged over 2% in afternoon trading.

NewTimeSpace News: U.S. equity markets closed higher overnight, with the Nasdaq Composite rising 1.38%. Technology stocks broadly advanced, with Broadcom gaining over 4%, Tesla and Oracle each climbing more than 3%, Amazon up over 2%, and Nvidia, Meta, and Apple all rising over 1%. In afternoon trading today,Csop Mag Seven Etf(03454.HK) surged over 2%.

Hong Kong Exchange data shows thatCsop Mag Seven Etf(03454.HK) is an exchange-traded fund (ETF) managed by CSOP Asset Management, listed in Hong Kong. It tracks the Solactive US 7 Giants Index, which includes Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla.

The fund offers one-stop exposure to the U.S. "Magnificent 7"—Microsoft, Apple, Nvidia, Google (Alphabet), Amazon, Tesla, and Meta—featuring a 20% weight cap and quarterly rebalancing. Since its base date in late 2014, the index has delivered an annualized return of approximately 21%, exhibiting higher volatility than the S&P 500 but lower than pure semiconductor indices. It stands as the only tool-type product in the Hong Kong market specifically focused on the Magnificent 7. (Data source: Wind)

On the news front, the U.S. President stated that Washington has engaged in "robust" dialogue with Tehran and has established key points of an agreement, agreeing to pause strikes on Iranian energy facilities for five days. The President indicated that negotiations are underway for a broader deal, suggesting that a U.S.-Iran agreement "could be reached within five days, or even sooner."

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