US stock index futures opened lower across the board. CSOP NASDAQ 100 ETF (03034.HK) showed resilience, edging up 0.8%.

NewTimeSpace News：On April 20, major US stock index futures opened lower across the board, with Nasdaq 100 futures and S&P 500 index futures both dropping over 1%. As of 13:55, CSOP NASDAQ 100 ETF (03034.HK) showed resilience, edging up 0.8% to HK$11.33. On a longer horizon, the fund has rallied 46.99% over the past year. (Source: Wind, as of April 20, 2026)

According to HKEX disclosures, CSOP NASDAQ 100 ETF (03034.HK) closely tracks the NASDAQ-100 Total Return Index (ticker: XNDX). Unlike the standard NASDAQ-100, the Total Return Index incorporates dividend reinvestment, offering a more accurate reflection of actual long-term investment returns.

The index comprises 100 constituents, heavily concentrated in the US tech "Magnificent Seven" — Apple, Microsoft, NVIDIA, Amazon, Alphabet (Google), Meta, and Tesla — which together account for roughly 50% of the weighting. The remainder includes leading growth names in semiconductors, software, and biotech, giving the index a tech purity of over 90%. Its long-term annualized volatility stands at approximately 25%, higher than that of the S&P 500.

On April 15, 2026 (local time), Nasdaq formally submitted to the SEC a proposal to amend its SPAC listing rules (File No. SR-NASDAQ-2026-033). The new rules took effect immediately with a 30-day transition period, significantly raising the bar for SPAC listings to align with NYSE standards and formally ushering the SPAC market into an era of "tightened regulation and higher thresholds."

In recent years, the SEC's stricter accounting requirements for SPAC warrants have left many small and mid-sized SPACs with insufficient book equity to meet original exchange listing conditions, forcing them to seek alternative routes to public markets globally. This has rapidly compressed the space for regulatory arbitrage.

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