Group 1 - The core viewpoint of the article highlights the significant performance of the Asia-Pacific Selected ETF (159687), which has risen by 2.78% today and accumulated a 32% increase year-to-date [1][2]. Group 2 - TSMC has initiated a price increase for advanced processes, with a rise of approximately 3% to 10%, marking the first long-term price hike since the AI era, which is expected to trigger a new wave of chip price increases [2]. - Morgan Stanley reported that U.S. corporate quarterly capital expenditures exceeded expectations, indicating potential for further upward movement [2]. - Trendforce forecasts that capital expenditures for the top eight global CSP cloud service providers will grow by 24% year-on-year to reach $520 billion by 2026, driving demand for computing chips [2]. Group 3 - The Asia-Pacific Selected ETF (159687) is the only ETF in the domestic market tracking the FTSE Asia Pacific Low Carbon Select Index, utilizing a "mutual hanging model" to invest in the Singapore Exchange's target ETFs, covering 11 Asia-Pacific economies including Japan, China, and South Korea, effectively diversifying single market risks [2]. - The ETF's constituent stocks are driven by "high-quality dividend assets" and "semiconductor leaders," with TSMC being the top-weighted stock, alongside other industry leaders like Samsung Electronics, Tokyo Electron, SK Hynix, and MediaTek, forming a comprehensive industry chain [2]. - The Asia-Pacific Selected ETF (159687) has achieved positive returns for three consecutive years from 2023 to 2025, allowing T+0 trading on the market, with available options for connecting funds: Connect A (021189) and Connect C (021190) [2].

此外，瑞银全球财富管理日前将其对全球股市的评级上调至"有吸引力"，理由是AI支出有望提高生产 率，而且政策环境有利。瑞银继续将科技作为其"全球首选行业"，并将中国科技股评级上调至最具吸引 力，理由是"对中国科技领军企业将人工智能货币化的能力越来越有信心"。该行预测，"2026年中国科 技股每股收益将增长近40%" 智通财经APP获悉，亚太精选ETF(159687)午后涨超4%，截至发稿，涨3.37%，报1.597元，成交额1.76 亿元。 公开资料显示，南方基金推出的亚太精选ETF(159687；联接基金A类021189，C类021190)作为唯一一支 追踪亚太精选指数的ETF，覆盖亚太11个国家地区。该ETF包含了亚太地区的优质红利资产，例如丰田 汽车、腾讯控股、阿里巴巴、三菱集团等。同时也包含了台积电、三星、东京电子、联发 科等优质半 导体企业。 消息面上，据报道，10月20日，日本自民党与维新会基本确立联合执政，支持刺激计划的高市早苗有望 成为日本下一任首相。受消息影响，日经225指数历史首次突破49000点，截至收盘涨3.37%。受电子股 和银行股提振，日本东证指数也上涨了2.1%。 ...

Core Viewpoint - The Asia-Pacific Select ETF (159687) has shown strong performance after the long holiday, with a current increase of 2.6% to 1.576 yuan and a trading volume of 30.45 million yuan, reflecting positive sentiment in the market [1] Group 1: Market Performance - The Asia-Pacific Select ETF (159687) rose nearly 3% during intraday trading after the long holiday, indicating robust market activity [1] - The ETF's current price is 1.576 yuan, with a trading volume of 30.45 million yuan [1] Group 2: Market Sentiment - During the holiday, overseas market news was generally positive, with major global risk assets, including US stocks, Japanese stocks, and gold, reaching historical highs [1] - Huaxi Securities believes that the Chinese technology industry is at a critical breakthrough point, suggesting a potential for further upward movement in various sectors [1] Group 3: ETF Composition - The Asia-Pacific Select ETF is the only ETF tracking the Asia-Pacific Select Index, covering 11 countries and regions in the Asia-Pacific [1] - The ETF includes high-quality dividend assets from the Asia-Pacific region, such as Toyota, Tencent, Alibaba, and Mitsubishi Group, as well as leading semiconductor companies like TSMC, Samsung, Tokyo Electron, and MediaTek [1] Group 4: Strategic Partnerships - NVIDIA announced a partnership with Japanese telecommunications and computer manufacturer Fujitsu to jointly build a full-stack AI infrastructure, which may enhance the technological landscape in the region [1]

Core Insights - The article highlights the increasing focus of global investors on the Asia-Pacific market, driven by its robust economic growth and diversification opportunities [2][4][16] - The Asia-Pacific Select ETF (159687) has shown significant performance, achieving positive returns for three consecutive years, reflecting the underlying strength of the region's semiconductor and technology sectors [11][13] Group 1: Investment Strategies - Legendary investors like Warren Buffett and institutions such as BlackRock and Goldman Sachs are shifting their attention towards the Asia-Pacific market, indicating a broader trend among large investment firms [4][16] - Buffett's investment in Japan's five major trading companies, totaling $6.25 billion, has yielded impressive returns, with stock price increases ranging from 283% to 656% over five years [4][10] Group 2: Asia-Pacific Market Dynamics - The Asia-Pacific region is projected to be the main engine of global economic growth over the next five years, according to IMF forecasts [2] - The region accounts for 57.6% of global semiconductor revenue, positioning it as a critical hub for the semiconductor industry [8][9] Group 3: ETF Performance and Structure - The Asia-Pacific Select ETF (159687) has outperformed similar indices, with a cumulative increase of 44.82% year-to-date in 2023 [13] - The ETF's index includes a balanced sector allocation, with significant weights in financials (26.38%) and technology (26.35%), providing stability and growth potential [5][10] Group 4: Semiconductor Sector Growth - The demand for semiconductors, particularly driven by AI applications, has surged, with TSMC reporting a 60.7% year-on-year increase in net profit, reaching NT$398.3 billion ($13.53 billion) [10] - The Asia-Pacific Select ETF captures this trend by including leading semiconductor companies, with TSMC being the largest component at 7.82% [10][12]

Group 1 - The Nikkei 225 index rose by 2% on July 24, continuing its upward trend after a 3.51% increase the previous day, reaching a one-year high [1] - Japan and the United States reached an agreement to reduce tariffs on Japanese auto exports to the U.S. from 25% to 15%, with Japan committing to invest $550 billion in energy and semiconductor cooperation, leading to a surge in Japanese automotive stocks [1] - Citic Securities noted that the lack of long-term strength in the U.S. dollar is increasing preference for non-U.S. assets, with Asian equity assets being steadily revalued, and emerging markets like Hong Kong performing well [1] Group 2 - UBS remains optimistic about the Chinese technology sector, highlighting opportunities for excess returns in the second half of the year, driven by the increasing adoption of AI, supportive policies, and rising corporate financing needs [1] - The valuation of the Chinese technology sector is still reasonable, with strong profit growth expectations and additional upside potential from currency appreciation, supported by accelerating AI adoption and improving fundamentals [1] - The Asia-Pacific Selected ETF has capitalized on the structural opportunities in global fund allocation towards the Asia-Pacific region, rising by 1.18% and accumulating a 3.93% increase over two days [2]

Market Overview - A-shares showed mixed performance with the Shanghai Composite Index down by 0.70%, while the Shenzhen Component Index and the ChiNext Index rose by 0.34% and 0.47% respectively, with total trading volume reaching 15,411 billion [1] ETF Performance - The leading ETFs included the Asia-Pacific Select ETF (159687), Industrial Metals ETF (560860), and various communication-related ETFs, reflecting a strong interest in these sectors [2] - The Hong Kong Securities ETF (513090) topped the trading volume with 20.656 billion, followed by the Silver Hua ETF (511880) and the Shanghai Stock Company Bond ETF (511070), both exceeding 10 billion [4] Sector Analysis - The metals sector is experiencing a slight tightening in supply and demand, with domestic inventories decreasing slightly and LME metal inventories remaining low, suggesting a potential for price increases in the short term [2] - The banking sector is seeing increased institutional investment, with a notable rise in passive fund allocations and a stable increase in active fund holdings, indicating a positive outlook for bank stocks [3] Upcoming ETF Products - Two new ETFs will begin fundraising next week, including the Jiashi Securities ETF (562870) and the Huaxia Sci-Tech Value ETF (589550), while the Bosera Large Cap Growth ETF (159203) and the Fuguo Hang Seng Index ETF (159365) will be listed [6]