CSOP FTSE HK-Korea Tech+ Index ETF (03431.HK) up 0.49%, Korea chip exports hit record

NewTimeSpace News: AI demand is driving Korean technology exports higher, while Hong Kong tech stocks extended gains in afternoon trading. As of 13:09 HKT on September 21, 2026, CSOP FTSE HK-Korea Tech+ Index ETF (03431.HK) rose 0.49% intraday to HK$10.350, with turnover of HK$7.1846 million, trading volume of 693,700 units and a turnover rate of 0.58%.

NewTimeSpace learned that the ETF, managed by CSOP Asset Management, tracks the FTSE HK-Korea Tech+ Index, covering technology companies listed in Hong Kong and South Korea, and is a passive equity index product. As of 13:09 HKT on September 21, the ETF has assets under management of HK$1.243 billion, a net asset value of HK$10.314 per unit and a board lot of 100 units.

On the news front, Korea Customs Service data showed Korea's exports in the first 20 days of September hit a record for the period, with chip exports up 259% year on year as AI and memory demand drove shipments; a busy AI calendar this week includes Qualcomm's Snapdragon Summit and Meta Connect 2026.

UBS noted that global AI capital expenditure is expected to approach US$1 trillion in 2026 and rise to about US$1.4 trillion in 2027, with memory-related spending climbing from US$71 billion in 2025 to US$367 billion in 2026 and US$923 billion in 2027, accounting for about 90% of the roughly US$1 trillion increase from 2025 to 2027.

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