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Open Edition. Tuesday, July 21, 2026

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$44.66
+0.61%

Headline

XEQT rises 0.61% in early trading as a global chip rebound lifts all four sleeves

XEQT was trading at $44.66, up 0.61% in early trading, with all four regional sleeves contributing positively. The move is 1.2 times the recent 20-day average, reflecting a broad recovery in semiconductor and AI-linked equities after last week's selloff. South Korea and Taiwan drove the emerging markets sleeve to a 1.89% gain, the strongest among the four, while the U.S. sleeve's 0.52% advance was led by technology. Japan's recovery added further weight to international developed markets, which rose 0.79%.

How large is this morning's move?

Typical day · This morning's +0.61% move is 1.2× the 20-day average move.

This scale measures size, not what to do. Larger moves are a normal part of holding a global all-equity fund.

The Regions

  • Canada

    25.38% of XEQT

    • XIC.TO
    +0.25% +0.06 pts to XEQT

    The Canadian sleeve added 0.25%, contributing 0.06 pp to XEQT. Materials and energy provided the thrust: materials rose 2.17% and energy 1.37% among the sectors tracked, consistent with copper up 2.43% and WTI crude climbing 2.85% early in the session. Financials, the sleeve's largest sector, added a modest 0.24%, while Canadian technology and utilities both slipped, partially offsetting the commodity-driven gains.

    Canada market region icon

  • United States

    45.43% of XEQT

    • XTOT.TO
    • ITOT
    +0.52% +0.24 pts to XEQT

    The U.S. sleeve rose 0.52%, contributing the largest share to XEQT at 0.24 pp. Technology, at roughly a third of the sleeve, advanced 1.83% among the sectors tracked, carrying most of the weight. Other sectors were close to flat or modestly negative, with communication services and consumer staples each down slightly, keeping the overall sleeve gain concentrated in a single driver.

    United States market region icon

  • Intl Developed

    24.29% of XEQT

    • XEF.TO
    +0.79% +0.19 pts to XEQT

    International developed markets rose 0.79%, adding 0.19 pp to XEQT. Japan was the dominant force, with a gain of 1.70% among the areas tracked, snapping a recent losing streak alongside broader Asian chip-stock strength. The Netherlands added 1.17% among tracked exposures, and Germany and Spain were also positive, while Australia and Sweden slipped marginally.

    Intl Developed market region icon

  • Emerging Mrkts

    4.71% of XEQT

    • XEC.TO
    +1.89% +0.09 pts to XEQT

    Emerging markets surged 1.89%, the strongest sleeve in early trading. Taiwan-listed equities rose 4.20% and South Korea-listed equities gained 4.17% among the areas tracked, together driving the bulk of the sleeve's move, as semiconductor names rebounded sharply after recent declines. India added 0.45% among tracked exposures. China rose only modestly at 0.16%, and Latin American and Middle Eastern markets tracked here were slightly negative.

    Emerging Markets market region icon

Colored bars represent biggest contributors to XEQT's move this morning (threshold = ±0.1 percentage points). Returns are daily ETF price moves for tracked regional or sector categories and may differ slightly from raw index movements.

The Hold Line

All four sleeves rising together is a relatively infrequent setup in recent weeks, and the width of the advance matters. The session's gains are anchored in a coherent theme: semiconductor and AI-linked equities rebounding after the July 17 pullback, with confirmation across Asia, Europe, and the U.S. in early trading. For a holder of a broadly diversified global fund, a recovery session with this kind of geographic reach is more durable signal than a single-market bounce.

Signals

  • 01

    VIX drops as risk appetite returns

    The VIX, a measure of near-term volatility expectations in U.S. equity markets, fell 5.04% to 17.71 in early trading, confirming a shift toward risk-on sentiment. For XEQT holders, a declining VIX alongside gains in all four sleeves suggests the session's breadth reflects genuine appetite for risk rather than a narrow technical bounce.

  • 02

    EM dominated by Taiwan and Korea rebound

    Taiwan-listed equities rose 4.20% and South Korea-listed equities gained 4.17% among the areas tracked within the emerging markets sleeve, both recovering sharply from recent AI-linked losses. The concentration of this sleeve's strength in two semiconductor-heavy markets means the gains are thematically connected to the same AI trade that sold off last week, so their durability depends partly on how U.S. earnings season unfolds for chip names.

  • 03

    Commodities lift Canada independently

    WTI crude oil, a benchmark for global energy prices, climbed 2.85% to $84.83 in early trading, and copper rose 2.43%, both pushing Canadian materials and energy sectors sharply higher within the Canada sleeve. This commodity tailwind gave Canada a different source of gain than the technology-driven recovery elsewhere in XEQT, meaning the sleeve's contribution was not solely dependent on the AI rebound narrative.

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Jun 23 to Jul 21 · $44.94 → $44.66

-0.62%