South Korea's KOSPI Index Rises to 6906.45! Xtrackers MSCI Korea UCITS ETF (02848.HK) Surges Over 5.4% Intraday

NewTimeSpace News:On May 4, South Korea's KOSPI Index climbed to 6906.45 points, with gains reaching as high as 4.7%, setting a new intraday record.Xtrackers MSCI Korea UCITS ETF(02848.HK) surged over 5.4% during the session. The fund has delivered an outstanding performance since the beginning of the year, with cumulative gains exceeding 40%.

According to Hong Kong Stock Exchange 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 fund regulatory requirements. While maintaining representativeness and investability across South Korea's large and mid-cap equity market, it reduces single-company risk through hard weight caps. SK Hynix, Samsung Electronics, NAVER, Hyundai Motor, and Shinhan Financial are among the top ten constituents.

Data released by the South Korean government on Monday showed that driven by robust demand for Tesla vehicles and food & beverage services, the country's online shopping sales in March surged 13.3% year-over-year to 25.58 trillion won (approximately $17.37 billion), marking the highest monthly level since data collection began in 2017. Expenditure on automobiles and auto accessories jumped 109.9% year-over-year, fueled by strong sales of Tesla vehicles through online ordering systems.

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