A50 Soars in the Afternoon, Asia-Pacific Markets Rally Together

Odaily Planet Daily News: After the market opened this afternoon, South Korea's KOSPI index staged a "deep V" rebound, continuing to rise and once surging over 1%, after previously dropping more than 5%. Samsung Electronics rose over 4%. Japanese stock indices also followed suit and turned upward, while the A50 index soared straight up. U.S. stock futures in the overseas market also turned positive. Analysts believe two favorable factors triggered this wave of gains: first, South Korea's market stabilization efforts, and second, large-scale purchases of A-share ETFs. From the perspective of market linkage, the actions of the South Korean government may be the primary driver. From the A-share perspective, data from Industrial Securities Quantitative Research shows that on July 13, the core ETFs of the three major indices saw significant net inflows. Specifically, the CSI 300 ETF saw inflows of 8.493 billion yuan; the CSI 500 ETF saw inflows of 7.352 billion yuan; and the CSI 1000 ETF saw a substantial increase of 11.923 billion yuan. This may indicate that the current level is also recognized by large-scale capital. (Securities China)