Underlying Index Performance: The primary driver of 513090.SHG's price is the performance of the index it tracks. Upward index movements typically increase the ETF's price, and vice versa.

Supply and Demand: General supply and demand for the ETF itself impact its market price. High demand often leads to price increases, while high supply tends to lower it.

Market Sentiment: Overall market sentiment towards the sectors represented in the index can influence the ETF's price. Positive sentiment can drive buying pressure, and vice versa.

Net Asset Value (NAV): The ETF's NAV, reflecting the total value of its underlying assets minus liabilities, acts as a benchmark. Large divergences between market price and NAV can present arbitrage opportunities.

Trading Costs and Liquidity: Transaction costs like brokerage fees and bid-ask spreads, as well as the ETF's liquidity, affect its attractiveness to investors, thus impacting price.

Currency Fluctuations: For ETFs holding international assets, currency exchange rates between the ETF's currency and the underlying assets' currency can influence returns and the ETF's price.

Economic Conditions: Broad economic factors like interest rates, inflation, and GDP growth influence investor sentiment and can affect the ETF's price.