Huatai-PineBridge Hong Kong-Korea Semiconductor Index ETF (03569) Slides Over 5% as Semiconductor Stocks in Both Markets Weaken

Stock News
Sep 28

According to Zhitong Finance APP, the Huatai-PineBridge Hong Kong-Korea Semiconductor Index ETF (03569) has fallen over 5%, down 5.38% as of press time, trading at HK$7.58 with a turnover of HK$1.3326 million.

On the news front, the Huatai-PineBridge Hong Kong-Korea Semiconductor Index ETF was officially listed on September 28. The ETF tracks the Hong Kong Exchange-Korea Exchange Semiconductor Index, in which Hong Kong-listed companies eligible for Stock Connect account for approximately 60% of the weighting, while Korea Exchange-listed companies account for about 40%. This makes it a "60/40" ETF variety that is currently drawing significant market attention.

On September 28, technology stocks across Asia-Pacific markets suffered sharp declines. South Korea's KOSPI index dropped more than 2%, falling below the 7,000-point mark, with Samsung Electronics and SK Hynix both declining over 4%. In the Hong Kong stock market, AI hardware stocks led by optical communication names also fell across the board.

Some analysts believe that OpenAI's suspension of frontier model-related training has weighed on technology stock sentiment, while rising expectations for U.S. interest rate hikes have transmitted pressure to global markets.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10