亚太股市集体下挫，亚太精选ETF、中韩半导体ETF、日经225ETF、日经ETF回调

Market Overview - The Asia-Pacific stock markets experienced a collective decline, with the South Korean Composite Index dropping over 5% after a significant rise of more than 70% earlier in the year, triggering a trading halt for 5 minutes due to the KOSPI index's futures decline [1] - The Nikkei 225 index fell by over 3% [1] ETF Performance - The Asia-Pacific Select ETF decreased by over 4%, while the China-Korea Semiconductor ETF, Nikkei 225 ETF, and Nikkei ETF all fell by more than 3% [2] - In October, the Nikkei index surged from the 40,000 yen range to the 50,000 yen range, achieving a monthly increase of 16.6%, the largest in 30 years [2] - The KOSPI index saw a cumulative increase of 20% in October [2] Sector Analysis - Year-to-date, the China-Korea Semiconductor ETF has risen over 80%, while the Nikkei 225 ETF and Nikkei ETF have increased by over 30%, and the Asia-Pacific Select ETF has grown by over 25% [3] - The China-Korea Semiconductor ETF tracks a cross-border index combining the CSI Semiconductor 15 Index and KRX Semiconductor 15 Index [3] - The Nikkei ETF tracks the Nikkei 225 index, which includes 225 major blue-chip companies, serving as a key indicator of Japan's economic and industrial health [3] - The Asia-Pacific Select ETF follows the FTSE Asia Pacific Low Carbon Select Index, diversifying market risk across 11 Asia-Pacific economies [3] Corporate Earnings Outlook - Several large Japanese companies have raised their earnings forecasts for the fiscal year ending March 2026, driven by increased demand for artificial intelligence, benefiting power and semiconductor-related firms [3] Market Sentiment - Concerns have been raised by Wall Street executives regarding the current valuation levels of U.S. stocks, with predictions of a potential 10% to 20% correction in the next 12 to 24 months [4] - The divergence in signals from Federal Reserve officials regarding future interest rate cuts has dampened market sentiment [4] Currency and Stock Predictions - According to Everbright Securities, the Japanese yen is expected to have an upward trend due to the normalization of the Bank of Japan's monetary policy and the ongoing rate cut cycle of the Federal Reserve [5] - The Nikkei 225 index has risen by 31.4% year-to-date, with half of this increase attributed to policy expectations [5] - Future market performance will depend on the effectiveness of policy implementation and external demand factors [5]