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Finance
Korea Investment Trust Management lists first joint ETF with CUAM HK in Hong Kong
Korea Investment Trust Management has listed its first jointly developed exchange-traded fund with China Universal Asset Management\'s Hong Kong unit, CUAM HK, on the Hong Kong Stock Exchange. The CUAM Solactive China & Global Semiconductor ETF tracks a Solactive index and invests across 30 semiconductor and related technology companies, including global firms and China and Hong Kong tech companies. The partners plan to use the ETF Connect scheme and pursue further joint ETFs.
Finance
South Korea stocks swing wildly as network separation rules ease
South Korean stocks remain highly volatile, with circuit breakers and sidecars triggered in turns as the won slides and authorities issue verbal warnings on speculative trading. Investors are watching the U.S. Federal Open Market Committee for signals on the rate path and currency moves. Interest in SpaceX’s listing is strong, though some Korean firms received no allocation. Household loans are rising again, prompting tighter controls, while AI adoption spreads across finance alongside growing security concerns.
Finance
Korea Investment Trust Management to join SpaceX IPO, add to space tech ETF
Korea Investment Trust Management will participate in SpaceX\'s initial public offering and plans to add allocated shares to a space-technology exchange-traded fund and a public fund it manages. The company said it will join the IPO ahead of SpaceX\'s planned listing on June 12 local time. It also plans additional purchases on the listing day and aims to raise SpaceX\'s weight in its ACE U.S. Space Tech Active ETF to as much as 25 percent.