Underlying Index Performance: The primary driver is the performance of the underlying SSE STAR Market 50 Index. Higher index values lead to higher ETF prices.

Supply and Demand: ETF price fluctuations reflect buying and selling pressures. High demand pushes prices up, while high supply lowers them.

Net Asset Value (NAV): The ETF price should closely track its NAV, which represents the per-share value of the ETF's holdings. Divergences can create arbitrage opportunities.

Market Sentiment: General market optimism or pessimism towards the STAR market can influence trading activity and therefore the ETF's price.

Fund Management Fees: While not a direct driver of daily price changes, higher fees can impact long-term returns and indirectly affect investor sentiment.

Tracking Error: The ETF's ability to accurately replicate the index affects its price. Larger tracking errors can deter investors.

Liquidity: Higher trading volume usually translates to tighter bid-ask spreads and more efficient price discovery.

Regulatory Changes: New regulations concerning the STAR market or ETFs can impact investor confidence and influence the ETF's price.