CSOP FTSE HK-Korea Tech+ Index ETF (03431.HK) Falls 0.66% Intraday as Third-Quarter DRAM Prices Rise 20-30%

NewTimeSpace News: As of 14:12 on September 23, CSOP FTSE HK-Korea Tech+ Index ETF (03431.HK) fell 0.66% to a latest price of HK$10.490, with an opening price of HK$10.660, a high of HK$10.660, a low of HK$10.480, and an intraday amplitude of 1.70%. The ETF traded 789,500 shares with a turnover of HK$8.3051 million, an average price of HK$10.519, and a premium rate of -0.85%. Its current net asset value per unit is HK$10.58, and its assets under management stand at HK$1.275 billion.(Note on scope: the net asset value per unit and assets under management are as of September 22, 2026, and the premium rate is calculated on that net asset value against the 14:12 market price.)

On the news front, a new BofA Securities memory industry report said channel checks confirmed that average DRAM prices rose 20% to 30% quarter-on-quarter in the third quarter of 2026 and NAND prices by more than 15%, with hyperscale cloud providers having already signed contracts to lock in higher DRAM prices for the first quarter of 2027; the bank raised its 2030 forecast for the global memory market to US$2.0 trillion from US$1.8 trillion.

CSOP FTSE HK-Korea Tech+ Index ETF (03431.HK) closely tracks the FTSE ETF Connect HK-Korea Tech+ Index (net total return version). Designed under the framework of the HKEX ETF Connect rules, the index covers Hong Kong-listed technology stocks eligible under Southbound Stock Connect and leading Korean technology stocks; it selects by market capitalisation up to 20 SEHK-listed and up to 20 Korea Exchange-listed technology securities, weighted by free-float adjusted market capitalisation, with weight caps of 65% and 35% for Hong Kong and Korean listings respectively and individual caps of 10% and 15%, and is reviewed half-yearly. The fund mainly adopts a physical representative sampling strategy.

Sinolink Securities believes that the HBM supply-demand gap continues to widen and the industry chain's prosperity remains elevated; Samsung has allocated about 70% of its HBM capacity through 2031 to long-term contracts, leaving the spot market extremely tight with HBM spot prices at 4 to 5 times long-term contract prices; the global HBM market is expected to grow 58% to US$54.6 billion in 2026, accounting for nearly 40% of the DRAM market, with the capacity gap still at 50% to 60%.

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