Afternoon A50 surges straight up, Asia-Pacific markets rally collectively

Odaily News Shortly after the market opened this afternoon, South Korea's KOSPI index staged a "deep V" rebound, continuously rising, once gaining over 1%, after previously falling over 5%. Samsung Electronics rose over 4%. Japan's stock indices also turned positive, the A50 index surged upwards directly, and overnight U.S. stock index futures also turned green. Analysts believe two pieces of positive news stimulated this rally: first, South Korea's market stabilization measures; second, large-scale buying of A-share ETFs.

From the perspective of market linkage structure, the South Korean government's actions may have been the main cause. From an A-share perspective, data from China Securities Index shows that on July 13, core ETFs tracking the three major indices saw significant net inflows. Among them, the CSI 300 ETF saw inflows of 84.93 billion yuan; the CSI 500 ETF saw inflows of 73.52 billion yuan; and the CSI 1000 ETF saw a substantial increase of 119.23 billion yuan. This may indicate that current price levels are recognized as good entry points by major capital. (Securities China)