ETF Bi-weekly:February update

三星证券公司 Gyun Jun，Trisha Sung


　　Asia-Pacific stock markets put in solid performances in January, rising a notable 3.1% inIndonesia and 10.6% in Hong Kong. US dollar-denominated returns were even higherthanks to the weakness of the greenback against Asian currencies—for example, theKospi returned 7.1% for the month in won terms, while its USD-denominated returnreached 10.7%. Amid rising expectations of an approaching resolution to the eurozonecrisis, investors worldwide showed a growing preference for risky assets, which drovethe technical market rebounds. Alongside stock markets, the commodity market alsobounced back, led by strong demand for non-ferrous metals and agricultural products.