Yesterday, the U.S. biotech sector showed strong momentum, with the $纳斯达克生物技术指数(NBI)$ rising 2.64% in a single day. From a structural perspective, gains were broadly distributed across small- and mid-cap innovative drug companies, with $Sarepta Therapeutics(SRPT)$ surging nearly 35% and multiple names such as $Arrowhead Research Corporation(ARWR)$ and $Arvinas Holding Company LLC(ARVN)$ rising more than 5%, indicating a clear breadth-driven rally. From a one-day performance perspective, biotech-related ETFs moved higher across the board, with stronger gains in innovative and high-beta segments.
Oil Price Swings Sharply — What Is the Market Betting On?
Oil prices saw significant volatility last night. During the US trading session on March 23, Brent crude fell sharply from around $113 to $96, marking a drop of more than 13% in a single day — one of the most dramatic moves in recent years. Prices then rebounded quickly and are now fluctuating around $102, with the market still facing high uncertainty. From the perspective of ETF performance, the sharp swings in oil prices led to clear divergence across related products. $United States Oil Fund LP(USO)$ , which tracks oil prices directly, fell 8.95% for the day, while $United States Brent Oil Fund LP(BNO)$ declined 9.52%. The 2x leveraged long oil ETF $ProShares Ultra B
Gold fell more than 8% intraday, breaking below $4,200 and reaching the $4,100 level. It has now declined for multiple consecutive days, wiping out all of this year’s gains. On March 22, US President Donald Trump issued an ultimatum to Iran in the evening New York time, demanding that it reopen the Strait of Hormuz within two days or face attacks on its power facilities. Iran responded that if attacked, it would “completely close” the strait and target energy and infrastructure. This escalation directly pushed oil prices higher. Rising oil prices have changed the market’s view on inflation. As energy costs increase, investors are reassessing the US inflation path, believing that the previous disinflation trend may be interrupted. In this context, expectations for Federal Reserve rate cuts
Gold Plunges—What happens? Is It a Buy-the-Dip Opportunity?
Gold prices saw a sharp decline yesterday, dropping about 3.7%, followed by another 2% decline today. Within just two days, prices broke below the $5,000 and $4,900 levels, falling toward $4,800 and even briefly dipping under $4,700. From a one-day performance perspective, gold-related ETFs declined broadly. Physical gold ETFs saw $SPDR Gold ETF(GLD)$ fall 3.16%, $Gold Trust Ishares(IAU)$ drop 3.14%, and $Spdr Gold Minishares Trust(GLDM)$ decline 3.18%. Gold mining ETFs experienced steeper losses, with $VanEck Gold Miners ETF(GDX)$ down 6.23%, $VanEck Junior Gold Miners ETF(GDXJ)$
The Korean stock market triggered a circuit breaker intraday, with the KOSPI index rising 5.04%. Samsung Electronics gained nearly 6.8%, while SK Hynix rose about 7.9%, making them the primary drivers of the market rally. From an ETF perspective, Korea-related ETFs moved higher in tandem. Broad market trackers $iShares MSCI South Korea ETF(EWY)$ and $Franklin FTSE South Korea ETF(FLKR)$ rose 3.24% and 3.28%, respectively, largely reflecting the index performance. The 3x leveraged ETF $Direxion Daily MSCI South Korea Bull 3x Shares(KORU)$ showed stronger upside, rising 9.94%. This shows that as Samsung and SK Hynix pushed the index higher, leveraged products amplif
AI Momentum Continues— Time to Position Semiconductor ETFs?
Yesterday, U.S. tech stocks broadly advanced, with the $纳斯达克(.IXIC)$ rising 1.2%. $英伟达(NVDA)$ gained 4% intraday, while $美光科技(MU)$ surged as much as 7%. From an ETF perspective, large-scale semiconductor ETFs delivered relatively steady gains, with $半导体指数ETF-HOLDRs(SMH)$ up 1.70% and $iShares费城交易所半导体ETF(SOXX)$ up 1.96%, reflecting capital flowing back into core names. ETFs with more diversified and mid-to-small-cap exposure showed stronger momentum, with $INVESCO SEMICONDUCTORS ETF(PSI)$ up 3.05%, $Fi
Today, spot gold briefly fell below the key $5,000 level, touching around $4,967 at the session low, with an intraday decline close to 1%. Prices later rebounded slightly but continued to hover near the $5,000 mark. From a one-day performance perspective, gold-related ETFs also declined broadly. The largest gold ETF $黄金ETF-SPDR(GLD)$ fell 1.29%, $黄金信托ETF-iShares(IAU)$ dropped 1.33%, and the lower-fee $SPDR Gold MiniShares Trust(GLDM)$ declined 1.31%. Gold mining ETFs experienced steeper losses, with $黄金矿业ETF-VanEck(GDX)$ down 6.08% and $小型黄金矿业ETF(Market Vectors)(GDXJ)$ down 5.82%.
During trading on March 13, Brent crude reached $100 per barrel while WTI climbed above $95, both hitting their highest levels since August 2022. From the start of the year to date, oil-related ETFs have posted strong gains. The 2x leveraged WTI crude oil ETF $二倍做多彭博原油ETF(UCO)$ has risen 106.37%, the strongest performer in the group. $美国原油ETF(USO)$ , which tracks WTI crude oil futures, has gained 71.18%. The 2x leveraged oil and gas exploration and production ETF $Direxion Daily S&P Oil &Gas Exp. & Prod. Bull 2X Shares(GUSH)$ is up 69.95%, while $美国布伦特原油基金有限合伙企业(BNO)$ , which tracks Brent crude oil futures, has
Middle East War: Where Are Gold and Silver Headed?
Since the outbreak of the US–Iran war on February 28, the international precious metals market has entered a period of heightened volatility. Gold and silver surged on the day the conflict began as safe-haven demand jumped, but as market sentiment continued to shift afterward, price movements became increasingly choppy and repetitive. From the ETF perspective, precious metals funds broadly declined over the past two days as gold and silver prices turned volatile. Among physical gold ETFs, $SPDR Gold ETF(GLD)$ fell 0.34% in a single day, $Gold Trust Ishares(IAU)$ declined 0.31%, and $Spdr Gold Minishares Trust(GLDM)$ dropped 0.29%. Gold mining equity ETFs saw larger