NewTimeSpace News: On the afternoon of March 3, the STAR 50 Index extended its losses to 4%, with all constituent stocks declining. Chip stocks dragged on the market, with VeriSilicon plunging over 8%, while Montage Technology and BIWIN Storage followed lower.CSOP STAR 50 Index ETF(03109.HK) tumbled over 4%.

According to Hong Kong Exchanges and Clearing data,CSOP STAR 50 Index ETF(03109.HK) tracks the STAR 50 Index, which comprises 50 stocks with large market capitalization and strong liquidity from the STAR Market. The index demonstrates prominent "hard tech" leadership characteristics, with semiconductor stocks accounting for over 65%, and combined with medical devices, software development, and photovoltaic equipment sectors representing nearly 80% of total weight.

Semiconductor chips carry the highest weighting at approximately 31%, followed by computer applications, specialized equipment, chemical products, and biomedicine. The top three sectors collectively exceed 86% of total weight, aligning with the "Technology Empowers the Nation" strategic direction.

On the news front, disclosure on March 2 revealed that the quarterly constituent adjustment plan for the STAR 50 Index, announced by the Shanghai Stock Exchange and China Securities Index Co., Ltd. on February 27, will take effect after market close on March 13. This adjustment will replace three constituents, adding QuantumCTek, Skyverse, and Star Chart. Following the adjustment, the STAR 50 Index's coverage of total STAR Market capitalization will increase by 1.1 percentage points to 63%, with the new generation information technology sector weight rising by approximately 2%, further enhancing the index's representation of hard tech leaders on the STAR Market.

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