US stocks extend rally as major indices approach record highs; Csop Mag Seven Etf (03454.HK) surges nearly 2.5% in afternoon trading.

NewTimeSpace News: In the early hours of April 15, US stocks continued their strong performance, extending significant gains with major indices turning positive for the year. Market breadth remained robust overall, with trading volume expanding compared to the previous session. By style, large-cap growth stocks continued to lead the pack, driving market-cap-weighted indices to significantly outperform equal-weighted benchmarks.Csop Mag Seven Etf(03454.HK) surged nearly 2.5%, with the fund recording an annualized return of 20.27% since inception.

HKEX data shows thatCsop Mag Seven Etf(03454.HK) is an Exchange Traded Fund (ETF) listed by CSOP Asset Management in Hong Kong, tracking the performance of the Solactive US Tech Seven Giants Index (comprising Alphabet, Amazon, Apple, Meta, Microsoft, NVIDIA, and Tesla).

The fund offers one-stop access to the US "Magnificent Seven" — Microsoft, Apple, NVIDIA, Google (Alphabet), Amazon, Tesla, and Meta — with 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, representing the only tool-based product in the Hong Kong market exclusively focused on the Seven Giants. (Data source: Wind)

On the news front, the US Producer Price Index (PPI) rose 0.5% month-over-month in March, below market expectations of 1.1%, while core PPI increased merely 0.1%, also missing forecasts. Although energy prices rose significantly amid the Iran conflict, declining food prices and flat service costs provided an offsetting effect against overall inflation. On a year-over-year basis, PPI gained 4% and core PPI advanced 3.8%.

Regarding employment, ADP data showed that in the four weeks ended March 28, the US private sector added an average of 39,250 jobs weekly, marking a notable improvement from the previous period and hitting the highest level since this statistical series began in September 2025.

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.