Underlying Holdings Performance: The price of IQQC.DU reflects the combined performance of the companies it holds, particularly Chinese technology firms listed in Hong Kong. Positive earnings or growth prospects for these companies will generally drive the ETF price up, while negative news will pull it down. Market Sentiment Towards Chinese Tech: General investor optimism or pessimism regarding the Chinese technology sector significantly influences the ETF's price. Factors such as regulatory changes impacting the sector, geopolitical tensions, or broader economic outlook for China can sway sentiment and thus the ETF's value. Currency Fluctuations: As IQQC.DU invests in Hong Kong-listed stocks, the relative strength of the Hong Kong dollar (HKD) against the currency it's traded in (e.g., EUR or USD) affects returns. A stronger HKD increases the ETF's value when converted back to the trading currency, and vice versa. Supply and Demand for the ETF: Like any ETF, IQQC.DU's price is also subject to supply and demand dynamics. Increased investor demand can push the price above its net asset value (NAV), while increased selling pressure can drive it below the NAV. Authorized participants will intervene to keep the price aligned with the NAV. Expense Ratio and Trading Costs: While not a direct driver of daily price fluctuations, the ETF's expense ratio reduces overall returns over time. Trading costs, such as brokerage commissions, can also impact profitability when buying or selling shares of IQQC.DU.