According to Zhitong Finance APP, the Asia-Pacific Select ETF Nanfang (159687) rose more than 2%, up 2.22% as of press time to 1.751 yuan, with a trading volume of 113 million yuan.
On the news front, renewed enthusiasm for AI trading combined with SK hynix's strongest quarterly earnings in history pushed Asia-Pacific stock markets to extend Wall Street's overnight rally on Wednesday. South Korean stocks triggered a circuit breaker today, with SK hynix surging over 10% and Samsung Electronics climbing more than 9%.
SK hynix disclosed its financial report on Wednesday, showing third-quarter revenue of 104.62 trillion Korean won, surpassing 100 trillion won in a single quarter for the first time in history, up 32% quarter-on-quarter and 328% year-on-year. Operating profit reached 83.33 trillion Korean won, up 38% quarter-on-quarter and 632% year-on-year.
SK hynix's CEO stated at the earnings call that DRAM and HBM production capacity is nearly sold out for the next three years, significantly improving medium-to-long-term sales visibility.
The previous day, Tesla founder Elon Musk rarely voiced bullish views on memory on social media. He stated that robots' demand for memory will be larger than anything else on Earth. As artificial intelligence moves from processing information to physical reality, carrier robots' memory consumption will dwarf all existing computing devices on the planet. As AI expands beyond data centers, chip manufacturers may usher in even greater market opportunities.
Public information shows that the Asia-Pacific Select ETF (159687; feeder fund Class A 021189, Class C 021190) launched by Nanfang Fund is the only ETF tracking the Asia-Pacific Select Index, covering 11 countries and regions in the Asia-Pacific. The top 10 constituent stocks of Asia-Pacific Select ETF Nanfang include global memory leaders such as SK hynix, Samsung, and TSMC, and are expected to continue benefiting from the memory super cycle.
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