Nasdaq Technology ETF, USA 50 ETF, Nikkei ETF, and Asia-Pacific Select ETF are in correction, and the premium-discount ratio of popular QDII ETF is converging.
This Thursday, overseas markets experienced a sudden high-level adjustment, and cross-border ETF fluctuations began to increase this Friday. QDII products such as NASDAQ Technology ETF, U.S. 50 ETF, and Nikkei ETF in the A-share market experienced a significant decline after being strong previously. The most bullish cross-border ETF in recent performance, Asia Pacific Selection, fell by more than 6% on July 12th, with a cumulative decline of nearly 15% in three days, and the latest premium discount rate converged to 1.62%. The NASDAQ Technology ETF, the Nikkei ETF, and the NASDAQ 100 ETF fell by 5.26%, 5.08%, and 5.05%, respectively. Statistics show that the number of cross-border ETFs with a daily drop of more than 3% reached 18 this year.
Southern Funds has issued a risk warning regarding fund premiums. The Asia Pacific Select ETF (159687) will suspend trading for one hour today.
To protect the interests of holders, Southern Fund announced that trading of Asia-Pacific Select ETF (159687) in the secondary market will be suspended from 9:30-10:30 on July 9th and resume at 10:30 due to its price significantly exceeding the net asset value. Investors may suffer losses if blindly investing in overpriced fund shares. Please pay attention to the official website announcement for relevant follow-up reminders.
ETF review: Taiwan Semiconductor hits a new historic high, and Asia-Pacific Select ETF surged 8%.
The three major indexes of A-shares opened low and fell. As of the close, the Shanghai Composite Index fell 0.93% to 2922.45 points, the Shenzhen Component Index fell 1.54%, and the Chinext Price Index fell 1.62%. The total turnover of the Shanghai and Shenzhen stock markets was 582 billion yuan, an increase of 7.2 billion yuan from the previous day. Over 4800 stocks in the two cities fell. Before the market opened, multimodal AI, CNI data factor index, and concept stocks led the gains, while photovoltaics, shipping and other sectors performed poorly, and the copper, electrical utilities, and farming sectors were active. In terms of ETFs, QDII funds continued to dominate the top gainers, Taiwan Semiconductor continued to hit new highs, and Southern Fund Asia Pacific Select ETF soared 8%, with the latest premium-discount rate of 14.06%. Related US stocks
Cross-border ETFs remain active. Asia-Pacific select ETFs rose sharply by 8.68%.
The A-share market adjusted with volatility in the morning. As of midday, the Shanghai Composite Index fell by 0.93%, the Shenzhen Component Index fell by 0.52%, and the ChiNext Price Index fell by 0.25%. The turnover of the two cities reached 334.6 billion in half a day, a decrease of 5.3 billion from the previous trading day. In terms of sectors, Sora concept, digital finance and tax, short drama games, precious metals sectors, etc. rose the most, while humanoid robots, PCB, banks, lithography and other sectors fell the most. Cross-border ETFs rose, Southern Fund Asia Pacific Select ETF and Industrial Bank Ruixing Fund Nikkei ETF rose by 8.68% and 2.45% respectively. The precious metal sector is active, and China Galaxy Fund Gold Stock E performed well.
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