Group 1 - Emerging Asian markets mostly rose, with India's Sensex index increasing by 0.3% and reaching a new historical high, while Thailand's SET index and Malaysia's FTSE index both rose by over 1% [1] - India's economy showed an annualized growth rate of 8.2% in Q3, exceeding market expectations and marking the fastest growth in six quarters [1] - InCred Asset Management noted that the correction in Indian stock indices over the past 14-15 months has bridged the gap between corporate earnings and stock valuations, creating attractive entry points [1] Group 2 - Malaysia's trade volume for January to September 2025 grew by 4.4% to 2.235 trillion ringgit, setting a historical record [1] - The trade volume accounted for 134% of Malaysia's GDP, highlighting its deep integration into the global economy [1] - Key growth drivers included electronics (especially semiconductors), machinery, palm oil, and processed foods, with a surge in electronics exports attributed to companies preemptively shipping to avoid U.S. tariffs and a global tech cycle recovery [1] Group 3 - The Emerging Asia ETF (520580) tracks the Singapore Exchange's Emerging Asia Select 50 Index, primarily investing in India, Indonesia, Malaysia, and Thailand, with India accounting for approximately 48% of its weight [2] - The index has a high correlation with the Indian market, with a correlation coefficient of 0.69 with the Sensex 30 index over the past three years [2] - This correlation provides a new benchmark for global diversification, with lower correlations to other major indices such as the Hang Seng Index and the Dow Jones Industrial Average [2]

Core Insights - The Indian stock market experienced a significant rise, with the Sensex index increasing by 1.48%, reaching a new high since October of the previous year, potentially influenced by tariff reductions [1] - The Emerging Asia ETF (520580) saw a strong performance, opening higher and recording a 1.38% increase, with nearly 1.7 billion yuan traded within the first 10 minutes [1] - Southeast Asian countries, including India, Indonesia, and Thailand, have implemented interest rate cuts to stimulate economic growth, contributing to a bullish trend in their stock markets [3][4] Market Performance - The Indian stock market has been on an upward trajectory, with the Sensex index continuously hitting new highs this year [3] - The Emerging Asia ETF recorded a net inflow of 41.17 million yuan, with a record net purchase of 7.89 million yuan since its inclusion in margin trading [2] Monetary Policy - Central banks in Southeast Asia, including India, have adopted rate cuts this year to support economic growth, with expectations for further cuts in the coming months [4] - Barclays reported that the Indian central bank might lower rates in June, earlier than previously anticipated in August, following two rate cuts this year [4] ETF Characteristics - The Emerging Asia ETF (520580) has a high correlation with the Indian market, with approximately 50% of its investments allocated to India [5] - The correlation coefficient between the Emerging Asia Select 50 Index and the Indian Sensex 30 Index is 0.7, indicating a strong relationship [6] Historical Performance - Since its inception on March 28, 2018, the Emerging Asia Select 50 Total Return Index has achieved a return of 42.18%, outperforming the MSCI Emerging Markets Index, which saw a decline of 0.98% during the same period [6] - India's stock market has delivered an annualized return of 14% over the past 20 years, with potential catalysts for continued growth identified [8]

Core Insights - Emerging Asian markets continue to strengthen, with India's SENSEX index rising by 0.2% during intraday trading, while the emerging Asia ETF (520580) increased by 4.81%, reaching a new high of 1.067 yuan [1] - Following a de-escalation of geopolitical events, the SENSEX index recorded a significant single-day gain of 3.74%, the largest in recent times, with foreign investors purchasing 12.5 billion rupees (approximately 1.45 million USD) worth of Indian stocks [3] - Domestic institutional investors have also been active, buying over 1.5 billion USD worth of stocks within three days [3] Group 1: Market Performance - The SENSEX index's recent performance reflects a strategic repositioning of global funds towards more stable and politically neutral Asian economies due to volatility in U.S. Treasury yields and escalating geopolitical tensions [3] - The emerging Asia ETF (520580) tracks the Emerging Asia Select 50 Index, primarily investing in India, Indonesia, Malaysia, and Thailand, with India accounting for approximately 50% of its weight [3] Group 2: ETF Developments - The emerging Asia ETF has been included as a margin trading target, indicating its high quality in terms of asset size, number of holders, and liquidity, with an average daily trading volume of 700 million yuan since its listing on February 20, 2025 [4] - The inclusion in margin trading is expected to enhance liquidity and diversify the trading strategies available for the ETF [4]