距新高仅6%！关注美元退潮下的“黄金跳板”

Core Viewpoint - The Indian stock market, represented by the SENSEX index, is approaching historical highs, showing resilience against global market trends, particularly in the context of recent tariff increases and a weakening dollar [1][3]. Group 1: Market Performance - The SENSEX index has risen by 5.4% since the tariff increase on April 2, contrasting with the underperformance of U.S. markets [1]. - Emerging markets, including Indonesia, Thailand, and Malaysia, have also experienced gains, outperforming both the CSI 300 and the NASDAQ Composite Index [1]. - The Emerging Asia ETF (SH520580) has surged over 13% since April 8, indicating increasing investor interest and liquidity [1]. Group 2: Dollar Weakness and Emerging Markets - The weakening of the dollar is creating a favorable environment for emerging markets, which are seen as "valuation vacuums" attracting global capital [3]. - Historical trends suggest that a declining dollar often leads to recovery in emerging market currencies and stock valuations [3]. Group 3: Core Asset Pool - The Emerging Asia ETF tracks a selection of 50 leading companies across India (53%), Indonesia (19%), Malaysia (15%), and Thailand (13%), focusing on high market capitalization and liquidity [4]. - The sector allocation within the ETF includes financials (38.5%), technology (15.6%), and energy (10.2%), benefiting from economic expansion and global supply chain trends [4]. Group 4: Liquidity and Trading Flexibility - The Emerging Asia ETF supports margin trading, allowing for diverse investment strategies and flexibility in response to market volatility [6]. - The ETF's T+0 trading mechanism enables quick reactions to market changes, making it suitable for both short-term and long-term investors [6].