Underlying Index Performance: FUSU.F tracks a specific index, so its price heavily depends on how well that index performs. If the index rises, FUSU.F's price will likely increase, and vice-versa.

Supply and Demand: Like any ETF, FUSU.F's price is subject to supply and demand in the market. High demand can drive the price above its net asset value (NAV), while high supply can push it below.

Net Asset Value (NAV): The NAV is the theoretical value per share of the ETF, calculated based on the value of its underlying holdings. FUSU.F's price typically fluctuates around its NAV.

Expense Ratio: The expense ratio is the annual fee charged to manage the ETF. Higher expense ratios can slightly reduce the overall return and potentially impact the ETF's price over time.

Trading Volume and Liquidity: Higher trading volume and liquidity usually mean tighter bid-ask spreads, making it easier to buy and sell FUSU.F shares at a fair price. Lower liquidity can lead to wider spreads and price volatility.

Market Sentiment: Overall market sentiment, whether bullish or bearish, can influence investor demand for ETFs like FUSU.F and impact its price.

Currency Fluctuations: If the underlying assets are priced in a foreign currency, currency fluctuations can affect FUSU.F's price when translated back to the base currency.