Underlying Index Performance: The primary driver is the performance of the index tracked by 123310.KO. If the index rises, the ETF's price generally increases and vice versa.

Supply and Demand: Market forces of supply and demand for the ETF units themselves influence its price. Higher demand leads to price increases, while greater supply pushes prices down.

Net Asset Value (NAV): The NAV, representing the total value of the ETF's holdings minus liabilities, plays a crucial role. The ETF price usually stays close to its NAV.

Investor Sentiment: Overall investor optimism or pessimism regarding the assets represented in the index can affect the demand for and price of the ETF.

Economic Conditions: Macroeconomic factors such as interest rates, inflation, and economic growth influence the performance of companies within the index, thereby impacting the ETF's price.

Currency Exchange Rates: Fluctuations in exchange rates can affect the value of foreign assets held within the ETF, impacting its overall price, especially if the underlying index contains international stocks.

Trading Activity: High trading volumes and price volatility in the underlying assets can lead to price fluctuations in the ETF.

Expense Ratio: While not directly affecting the daily price, a higher expense ratio can slightly detract from overall returns compared to similar ETFs with lower fees.