Asia-Pacific Selected ETF South (159687) surged more than 4% in the afternoon, signaling a ceasefire and stimulating a global stock market rebound. The component stocks significantly benefited from the super storage cycle.

The Asia-Pacific Select ETF South (159687) rose more than 4% in the afternoon, up 4.52% to 1.596 yuan as of press time, with a turnover of 61.278 million yuan. On the news front, influenced by the simultaneous signals of a ceasefire between the US and Iran, the three major US stock indices rose last night: the Dow rose more than 2%, the S&P 500 rose nearly 3%, and the Nasdaq rose 3.8%. The three major European stock indices also closed higher across the board. In the morning session, the Asia-Pacific stock markets opened higher, with the Nikkei 225 index rising over 4% and the Korea Composite Index rising nearly 7%. Public information shows that the Asia-Pacific Select ETF (159687; connected fund Class A 021189, Class C 021190) introduced by Southern Fund is the only ETF tracking the Asia-Pacific Select Index, covering 11 countries and regions in the Asia-Pacific. It is worth noting that the top 10 constituent stocks of the Asia-Pacific Select ETF South include global storage industry leaders such as Micron, Samsung, and TSMC, which are expected to continue to benefit from the super cycle in storage. Although there have been concerns of a "price collapse" in the retail end recently, Da Xing Securities pointed out that the spot market is mainly composed of PCs and consumer electronics products, which account for only a low single-digit percentage of the total market transactions. In the current structure, the profit potential of storage semiconductors is truly determined by mobile and server products.