CSOP FTSE HK-Korea Tech+ Index ETF (03431.HK) Falls 1.30% Intraday as Foreign Funds Pull US$131 Billion from Korean Stocks This Year

NewTimeSpace News: As of 10:02 on October 12, CSOP FTSE HK-Korea Tech+ Index ETF (03431.HK) fell 1.30% to a latest price of HK$9.850. The ETF has traded 573,800 shares so far today for a turnover of HK$5.6738 million at an average price of HK$9.888, with a turnover rate of 0.48%. It is down 1.30% so far this week. Its current net asset value per unit is HK$9.874, and its assets under management stand at HK$1.19 billion.(Note on scope: the net asset value per unit and assets under management are as of October 9, 2026; the week-to-date change is measured against the closing price of HK$9.980 on October 9.)

On the news front, Korean stocks came under pressure on the first trading day after the Hangeul Day holiday. According to Bloomberg data, foreign investors have withdrawn a net US$131 billion from Korean equities this year, the largest such outflow among major Asian markets, while Korean stock turnover is down about 70% from its late-May peak; a buyback programme totalling about KRW55 trillion (roughly US$41 billion) by Samsung Electronics and SK hynix is nearing completion. South Korea's finance minister said on October 12 that market stabilisation measures would be taken if necessary amid elevated global bond yields. Samsung Electronics and SK hynix are both constituents of the FTSE ETF Connect HK-Korea Tech+ Index.

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.

Eugene Investment & Securities believes SK hynix's third-quarter operating profit will reach KRW75.7 trillion, up 25% quarter on quarter, with its operating margin rising to 77.4%; third-quarter DRAM average selling prices rose 20% quarter on quarter, with conventional DRAM up 22% and NAND prices up 23%; memory price increases are expected to continue into early next year, with next year's HBM average selling price forecast to rise 113% year on year to US$3.31 per gigabit and to lift SK hynix's operating profit by 72% next year.