Among individual stocks, Baidu (NASDAQ:BIDU) Inc (HK:9888) soared 4% in Hong Kong trade after the Chinese internet giant launched updated versions of its flagship Ernie AI model. Electric vehicle maker BYD (HK:1211) rose 0.7% before its March quarter earnings, which are due later in the day.
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Quantum computing involves moving away from a process reliant on binary code, ones and zeros, and exponentially increasing computing power by employing Quantum bits (qubits) that exist in multiple states simultaneously. Such a jump in power is expected to threaten modern computing encryption built by classic machines.
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SOLZ will have a management fee of 0.95% while traders will be charged 1.85% for SOLT, according to the filing.
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