To The Moon

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

Asian stock markets broadly rebounded on March 10, with South Korea leading the gains. The KOSPI index rose about 5.48% to close at 5,532. Looking at single-day performance, $Direxion Daily MSCI South Korea Bull 3x Shares(KORU)$ led the gains with a rise of 15.69%, followed by $iShares MSCI South Korea ETF(EWY)$ up 5.65%, $Franklin FTSE South Korea ETF(FLKR)$ up 5.39%, and $Matthews Korea Active ETF(MKOR)$ up 4.78%. Several Korea-focused ETFs climbed alongside the strong rebound in the Korean equity market. The direct trigger for the improvement in market sentiment came from a recent statement by US President Donald Trump

Driven by escalating tensions in the Middle East, global oil prices rose sharply on March 9. Brent crude briefly climbed to about $119 per barrel, significantly higher than the roughly $72 level before the war, while WTI crude rose to around $102 per barrel, both reaching their highest levels since 2022. Year-to-date gains for energy-related ETFs have also been notable amid the rise in oil prices. $Energy Select Sector SPDR Fund(XLE)$ has gained 26.53% this year, $Vanguard Energy ETF(VDE)$ 26.76%, $Spdr S&P Oil & Gas Exploration & Production Etf(XOP)$ 29.99%, $iShares U.S. Oil & Gas Exploration & Production E

Yesterday, LME copper fell 1.2%, dropping below the key $13,000 per ton level. As a result, copper mining ETFs declined sharply overnight. $Global X Copper Miners ETF(COPX)$ fell 6.65% in a single day, $Sprott Copper Miners ETF(COPP)$ dropped 6.77%, and $SPROTT JUNIOR COPPER MINERS ETF(COPJ)$ declined 6.72%, all close to a 7% loss. This reflects how copper mining stocks tend to react more strongly to movements in copper prices. In contrast, $United States Copper Index Fund(CPER)$ , which tracks copper futures prices more directly, declined by a smaller 1.08%, highlighting that mining equity ETFs are typically much more v

After suffering a historic selloff, South Korean equities quickly rebounded. On March 5, the KOSPI briefly touched 5,700 intraday before closing at 5,583.9, gaining about 9.6% for the day, the largest increase since 2008. Just one day earlier, the index had plunged more than 12%, marking the biggest single-day drop in its history. From the ETF performance perspective, Korea-related ETFs generally moved higher alongside the market rebound. $韩国ETF-iShares MSCI(EWY)$ rose 1.53% on the day, $Franklin FTSE South Korea ETF(FLKR)$ gained 1.05%, and $Matthews Korea Active ETF(MKOR)$ increased 1.45%, while the triple-leveraged Korea ETF

After falling more than 4.38% in the previous session and briefly dropping below the $5,000 mark intraday, gold has rebounded today to around $5,169, recovering part of the losses from the prior trading day. The sharp drop and subsequent rebound in gold prices over the past two days have also quickly transmitted to related ETFs. On March 3, the physically backed gold ETFs $黄金ETF-SPDR(GLD)$ and $黄金信托ETF-iShares(IAU)$ fell 4.46% and 4.44% respectively in a single session. Gold mining equity ETFs saw even larger declines, with $黄金矿业ETF-VanEck(GDX)$ dropping 8.76% and $小型黄金矿业ETF(Market Vectors)(GDXJ)$ falling 8.91%. Volatility

South Korea's stock market plunged again today, with the KOSPI index tumbling 12.06% after yesterday's 7.24% crash, marking the largest single-day decline in its history. From the perspective of ETF performance, nearly all Korea-related products suffered significant declines. $iShares MSCI South Korea ETF(EWY)$ dropped 10.30% in a single day, while $Franklin FTSE South Korea ETF(FLKR)$ fell 10.25%, with both broad-based Korea ETFs posting similar losses. The leveraged product $Direxion Daily MSCI South Korea Bull 3x Shares(KORU)$ saw the most dramatic decline, plunging 31.10% in a single day, amplifying index volatility. The actively managed product

The KOSPI Index has seen a rare and sharp selloff since reaching a high near 6,300 in late February. It now stands at around 5,791, with a single-day drop exceeding 7%, marking the steepest correction since August 2024. The previously strong rally, which had repeatedly broken through record highs, has suddenly hit the brakes in a very short period of time. Reflected in ETFs, the largest Korea-focused fund $iShares MSCI South Korea ETF(EWY)$ dropped as much as 10.9% in pre-market trading, while $Franklin FTSE South Korea ETF(FLKR)$ fell 10.96%. The 3x leveraged product $Direxion Daily MSCI South Korea Bull 3x Shares(KORU)$ plunged 32.43% before the open, amplifying

Today, the United States and Israel launched military strikes on targets inside Iran, sharply escalating tensions in the Middle East. Geopolitical risk premiums are set to return rapidly to the forefront of market pricing. Next week, capital inflows into the precious metals sector, led by gold and silver, appear almost certain. In the gold ETF space, the largest physically backed gold ETF, $SPDR Gold ETF(GLD)$ , is up 22.06% year to date, while $Gold Trust Ishares(IAU)$ has gained 22.05%. Among gold mining ETFs, $VanEck Gold Miners ETF(GDX)$ is up 35.06% this year and $VanEck Junior Gold Miners ETF(GDXJ)$ has risen 37.27%.

Yesterday, the Nikkei 225 rose more than 1.2% at one point, breaking above the 59,000 mark and approaching the key 60,000 level, setting yet another record high. Since the start of the year, the Nikkei 225 has surged nearly 17%, ranking among the top performers across major global equity indices and significantly outperforming both US and Chinese markets. In terms of Japan-related ETFs, performance has been solid so far this year. The largest Japan broad-based ETF, $iShares MSCI Japan ETF(EWJ)$ , is up 14.54% year to date. $JPMorgan BetaBuilders Japan ETF(BBJP)$ has gained 14.50%, while $Franklin FTSE Japan ETF(FLJP)$ has risen 14.92%. Meanwhile,