Asia Pacific Select ETF Southern (159687) rose more than 4% in afternoon trading. As of the time of writing, it was up 4.52%, trading at 1.596 yuan, with a turnover of 61.278 million yuan. The rally follows simultaneous ceasefire signals from the United States and Iran, which drove overnight gains across major U.S. indices: the Dow Jones climbed over 2%, the S&P 500 rose nearly 3%, and the Nasdaq increased by 3.8%. European markets also closed higher across the board. Asian markets opened strong and continued to advance in morning trading, with the Nikkei 225 up more than 4% intraday and the KOSPI rising nearly 7%. Public information shows that the Asia Pacific Select ETF (159687; feeder fund Class A 021189, Class C 021190), launched by Southern Fund, is the only ETF tracking the Asia Pacific Select Index and covers 11 countries and regions in the Asia-Pacific region. Notably, the top ten holdings of the ETF include global memory industry leaders such as SK Hynix, Samsung, and TSMC, which are expected to benefit from the ongoing memory super cycle. Despite recent concerns over a "price collapse" at the retail level, Daeshin Securities pointed out that the spot market is primarily composed of PCs and consumer electronics, which account for no more than a low single-digit percentage of total market transactions. Under the current structure, the profitability of memory semiconductors is largely determined by mobile and server products.
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