South Korea's benchmark index hits new high! Xtrackers MSCI Korea UCITS ETF (02848.HK) surges over 2.3% at open

NewTimeSpace News: On April 20, South Korea's benchmark stock index climbed 1.1% to 6257.36 points, marking a new high since February 27. Xtrackers MSCI Korea UCITS ETF (02848.HK) surged over 2.3% at the open. The fund has delivered strong performance year-to-date, with cumulative gains exceeding 40%.

On the news front, U.S. President Trump stated on the 19th local time that the American delegation would hold talks with Iran in Islamabad, Pakistan on the 20th. However, Iranian sources indicated that Tehran currently has no plans to participate in the next round of U.S.-Iran negotiations.

According to HKEX 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 regulatory requirements. While maintaining representativeness and investability across South Korea's large and mid-cap equity markets, the index mitigates single-stock concentration risk through hard weight limits. SK Hynix, Samsung Electronics, NAVER, Hyundai Motor, and Shinhan Financial Group are among the top ten constituents.

The concentrated capital inflows stem primarily from two driving factors:

First, optimistic expectations surrounding the U.S.-Iran negotiations have prompted brokerages to turn broadly bullish on the KOSPI, significantly lifting sentiment in the semiconductor sector that has led gains since the beginning of the year.

Second, stellar first-quarter results from two heavyweight companies have further fueled investor appetite. Samsung Electronics posted preliminary Q1 operating profit of 57.2 trillion won, skyrocketing 755% year-on-year to reach an all-time high; meanwhile, SK Hynix is expected to release earnings this week that will beat market expectations.

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