Space Tech ETF (ORBX.TO) is trading 6% higher as investors rotate into high-beta growth sectors following a pullback in bond yields and easing geopolitical tensions.
- Sentiment is bolstered by optimism regarding a diplomatic breakthrough in the Iran conflict, which is supporting space, defense, and satellite-linked equities.
- The move extends a rebound from mid-May lows, fueled by momentum in thematic products and a broader eight-week winning streak for major equity indices.
- With no major economic data scheduled for May 26, market flows are primarily driven by risk appetite and sector catch-up.