SOUTHERN HENDERSON TECHNOLOGY ETF Surges Nearly 4% in Morning Session

Stock News04-08 10:39

The SOUTHERN HENDERSON TECHNOLOGY EXCHANGE-TRADED OPEN-END INDEX SECURITIES INVESTMENT FUND (QDII) (520570) rose nearly 4% during the morning trading session. As of the time of writing, the fund was up 3.29%, trading at 0.785 yuan, with a turnover of 958.316 million yuan. The positive movement is attributed to news that US President Trump stated on the 7th that he agreed to a two-week suspension of bombing and attacks on Iran, with Iran also accepting a ceasefire proposal put forward by Pakistan. This development in the Middle East has spurred a rally in global risk assets, with the Hang Seng Tech Index rising over 4% at one point in the morning. Public information indicates that the Southern Fund's Hang Seng Tech ETF (520570; with off-exchange feeder fund Class A 020988 and Class C 020989) closely tracks the Hang Seng Tech Index, which covers 30 large-cap, highly liquid technology companies listed in Hong Kong. It is noteworthy that Hang Seng Indexes Company recently introduced more detailed specifications for the technology themes within the Hang Seng Tech Index, further breaking down the six major themes into more specific sub-directions. For example, 'Network' is refined into online business and wireless applications, while 'Intelligentization' is detailed into robotics, autonomous driving, artificial intelligence, and the Internet of Things. Following these optimizations to the index rules, the technology attributes of the constituent stocks are more verifiable, enhancing the index's value as a tool for technology sector allocation.

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