Semiconductor Sector Retreats; Global X China Semiconductor ETF (03191.HK) Falls 5.19% Intraday

NewTimeSpace News: As of October 2, 2026, Global X China Semiconductor ETF (03191.HK) fell 5.19% intraday to a latest price of HK$76.320, with an opening price of HK$80.180, a high of HK$80.180, a low of HK$76.320, and an intraday amplitude of 4.80%. The ETF traded 421,100 shares with a turnover of HK$32.2959 million, an average price of HK$76.69, a premium rate of -2.14%, and a turnover rate of 0.00%. Its current net asset value per unit is HK$77.99, and its assets under management stand at HK$2.804 billion.

NewTimeSpace understands that Global X China Semiconductor ETF (03191.HK) is managed by Mirae Asset Global Investments (Hong Kong) Limited. Its investment objective is to provide investment returns closely correlated to the performance of the FactSet China Semiconductor Index (Net Total Return) before fees and expenses. The ETF primarily adopts a full replication strategy, investing directly in constituent stocks at substantially the same weightings as their inclusion in the Index. It may invest in A-shares, H-shares, N-shares, P-shares and red chips, and invests in A-shares within the Index through the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect; it may also invest in American Depositary Receipts eligible for inclusion in the Index. Where the full replication strategy is not cost-effective or practicable, the Manager may adopt a representative sampling strategy, with the maximum deviation from any constituent's index weighting not exceeding plus or minus 3 percentage points. The Manager currently does not intend to invest the fund in any financial derivative instruments for investment purposes and will not engage in securities lending, repurchase or reverse repurchase transactions. As of September 30, the ETF had assets under management of HK$2.804 billion and a net asset value per unit of HK$77.99.

On the news front, according to public procurement information, all 10 procurement packages for the 2026 portable computer framework agreement purchases by central agencies and the National People's Congress were won by the five domestic platforms ZHAOXIN, PHYTIUM, LOONGSON TECHNOLOGY, HYGON and KUNPENG, marking the first time in recent years that Intel and AMD failed to qualify; CHINA TELECOM's procurement of 40,000 high-performance servers was also entirely domestic equipment. Separately, according to data from the Ministry of Industry and Information Technology, value added in China's above-scale electronic information manufacturing industry grew 14.8% year-on-year in the first half of 2026, with integrated circuit output reaching 279.8 billion units, up 23.1% year-on-year.

CSC believes that the semiconductor equipment upcycle is confirmed, and the components segment is now encountering a joint opportunity of "price increases plus domestic substitution," with the highest domestic substitution gradients in mass flow controllers (MFC), blank masks and electrostatic chucks; as external export controls escalate, equipment lead times lengthen, and the National Integrated Circuit Industry Investment Fund Phase III directs capital into semiconductor equipment components and materials, domestic incubation efforts are intensifying in real terms, and the bargaining power of the scarcest links in the chain is rising accordingly.

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