Nasdaq 100 hits intraday high! CSOP NASDAQ 100 ETF (03034.HK) surges 1.49%.

NewTimeSpace — 22 Jan: The Nasdaq 100 briefly added 2% to an intraday high, powered by chip-sector breadth. Intel leapt 11.72%, Nvidia +2.95% and Tesla +2.91% (Wind, 22 Jan 2026).

At 11:23 a.m. CSOP NASDAQ 100 ETF (03034.HK) was up 1.49% at HK$10.88, stretching its six-month gain to 7.51% (Wind, 22 Jan 2026).

The ETF closely tracks the Nasdaq-100 Total Return Index (XNDX), which includes dividend reinvestment and thus better reflects long-run investor returns. The index holds 100 names dominated by the “Magnificent Seven” — Apple, Microsoft, Nvidia, Amazon, Alphabet, Meta and Tesla — accounting for ~50% of weight; the balance is semiconductor, software and biotech leaders, giving >90% tech exposure and c. 25% annualised volatility, well above the S&P 500.

CITIC Securities notes that U.S. equity valuations have compressed markedly from 2025 extremes while earnings estimates keep rising; on ROE and other metrics, developed-market ex-U.S. assets struggle to match U.S. risk-adjusted returns. Near-term, tech faces profit-taking and retailers face tariff risk, lifting short-run volatility. Still, with prospective U.S. fiscal-monetary easing ahead of mid-terms, the medium-term up-trend remains intact (CITIC, 22 Jan 2026, “Non-U.S. Developed Equity Still Can’t Beat U.S. Allocations”).

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