Liquidity easing expectations persist alongside deep V-shaped rebound in US equities; Csop Mag Seven Etf (03454.HK) surges over 2% in afternoon trade

NewTimeSpace News:April 10US equity markets closed higher in overnight trading, with the Nasdaq Composite climbing 0.83%, the S&P 500 adding 0.62%, and the Dow Jones Industrial Average up 0.58%. Both the Nasdaq and the S&P 500 notched their seventh consecutive daily advance. Tech heavyweights including Amazon and Intel led the rally. TheCsop Mag Seven Etf(03454.HK) surged more than 2% in Hong Kong afternoon trading.

Exchange data show that the CSOP US Magnificent Seven ETF, listed by CSOP Asset Management, tracks the Solactive US Magnificent Seven Index. The fund offers one-ticket exposure to the “Magnificent Seven” – Microsoft, Apple, NVIDIA, Alphabet (Google), Amazon, Tesla, and Meta – with a single-stock weight cap of 20% and quarterly rebalancing. Since its base date at end-2014, the index has delivered an annualised return of roughly 21%, exhibiting higher volatility than the S&P 500 but lower than a pure-play semiconductor index. It stands as the only Hong Kong-listed vehicle exclusively targeting the Magnificent Seven bloc. (Source: Wind)

In geopolitical news, Iranian state television broadcast a statement early on the 9th (local time) from Supreme Leader Mojtaba Khamenei, emphasising that Iran does not seek war yet will not relinquish its rights. The remarks came on the 40-day anniversary of the death of former Supreme Leader Ali Khamenei, who was killed in an attack. The statement reviewed Ali Khamenei’s life and stressed that Iran’s victory in any conflict relies on unity among the government, the military, and the people.

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