CSOP Hang Seng TECH Index ETF (03033.HK) Falls 1.52% Intraday as Alibaba Unveils Zhenwu V900 AI Chip

NewTimeSpace News: As of 14:24 on September 23, CSOP Hang Seng TECH Index ETF (03033.HK) fell 1.52% to a latest price of HK$4.288, with an opening price of HK$4.358, a high of HK$4.362, a low of HK$4.284, and an intraday amplitude of 1.79%. The ETF traded 787.64 million shares with a turnover of HK$3.396 billion, an average price of HK$4.312, and a premium rate of 0.01%. Its current net asset value per unit is HK$4.354, and its assets under management stand at HK$62.04 billion.

(Note on scope: the net asset value per unit, assets under management and premium rate are as of September 22, 2026.)

On the news front, Alibaba's T-Head unit unveiled the Zhenwu V900, a new training-and-inference AI chip, at the Yunqi Conference in Hangzhou on September 22; its computing power is three times that of the previous-generation Zhenwu M890, it carries 216GB of memory with 1,200GB/s inter-chip interconnect bandwidth, supports clusters of up to 500,000 chips, and is scheduled for mass production in the first quarter of 2027. Alibaba also said the global data centres operated by Alibaba Cloud will exceed 20GW by 2032.

CSOP Hang Seng TECH Index ETF (03033.HK) closely tracks the Hang Seng TECH Index. The index represents the 30 largest Hong Kong-listed companies with high business exposure to technology themes; constituents must be classified under Industrials, Consumer Discretionary, Healthcare, Financials or Information Technology and be highly exposed to at least one of the Internet (including mobile), FinTech, Cloud, E-commerce, Digital or Autonomous themes. The index is freefloat-adjusted market-capitalisation weighted with an 8% cap on individual constituents and is reviewed quarterly. The fund mainly adopts a full replication strategy, investing in index securities in broadly the same proportions as in the index.

CITIC Securities believes that since the second quarter of 2026 the Hang Seng TECH Index's valuation has stayed range-bound at a low level, and the sector's core pricing factors have shifted from the divergence in external risk appetite to market liquidity expectations, earnings resilience and cash flow; looking into the second half of 2026, sector performance will still revolve around AI progress and the certainty of core business earnings.

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