Asia-Pacific selected ETF (159687) rose more than 4% in the afternoon, the Japanese stock index surged and hit a historical high. UBS is particularly bullish on Chinese technology stocks.

Asia-Pacific Select ETF (159687) rose more than 4% in the afternoon, as of the time of writing, it rose by 3.37% to 1.597 yuan, with a trading volume of 176 million yuan. On the news front, it was reported that on October 20th, the Liberal Democratic Party of Japan and the Innovation Party have basically established a coalition government, and there is a possibility that Toshimitsu Motegi, who supports stimulus plans, will become the next Prime Minister of Japan. As a result of this news, the Nikkei 225 index exceeded 49,000 points for the first time in history, rising by 3.37% at the close. Boosted by electronic and bank stocks, the Topix index in Japan also rose by 2.1%. In addition, UBS Global Wealth Management recently upgraded its rating on the global stock market to "attractive," citing the potential increase in AI spending to enhance productivity, and a favorable policy environment. UBS continues to see technology as its "top global industry" and has upgraded its rating on Chinese tech stocks to the most attractive, citing increasing confidence in the ability of leading Chinese tech companies to monetize artificial intelligence. The bank predicts that "by 2026, earnings per share of Chinese tech stocks will increase by nearly 40%." Public information shows that the Asia-Pacific Select ETF (159687; connected fund Class A 021189, Class C 021190) launched by Southern Fund is the only ETF that tracks the Asia-Pacific Select Index, covering 11 countries and regions in Asia-Pacific. This ETF includes high-quality dividend assets from the Asia-Pacific region, such as Toyota, TENCENT, Alibaba, Mitsubishi Corporation, as well as top semiconductor companies like TSMC, Samsung, Tokyo Electron, and MediaTek.