The Asia Pacific Select ETF Southern (159687) surged more than 4% during the morning session. By the time of writing, it had gained 2.98%, trading at 1.661 yuan with a turnover of 8,540.07 yuan. Market sentiment was buoyed by strong US service sector data, signs of cooling inflation, and overnight gains in major tech stocks, which spurred a robust rebound in Asia Pacific and European equity markets, indicating a preliminary stabilization in risk appetite. On Thursday, South Korea's Seoul Composite Index opened 3.1% higher and continued to climb, with gains expanding to as much as 12%, triggering a trading halt. The country's leading chipmakers, Samsung Electronics and SK Hynix, recorded impressive gains of 13% and 15%, respectively. Public information shows that the Asia Pacific Select ETF (159687; linked fund Class A 021189, Class C 021190), launched by Southern Fund, is the only ETF tracking the Asia Pacific Select Index and covers 11 countries and regions in the Asia Pacific. The top ten constituents of the Asia Pacific Select ETF Southern include global memory industry leaders such as Hynix, Samsung, and TSMC, which are expected to continue benefiting from the memory super cycle.