CSOP Hang Seng TECH Index ETF (03033.HK) Falls 1.08% Intraday as 90 Hong Kong Firms Buy Back HK$297 Million of Shares

CSOP Hang Seng TECH Index ETF (03033.HK) fell 1.08% to HK$4.040 on Oct 13; 90 Hong Kong firms bought back HK$297m of stock; Sinolink sees AI apps spreading.
Key Highlights:
  • CSOP Hang Seng TECH Index ETF fell 1.08% intraday to HK$4.040, on turnover of HK$5.38 billion and a 9.27% turnover rate, down 1.42% this week
  • On October 12, 90 Hong Kong-listed companies repurchased 31.6841 million shares for HK$297 million; Tencent's 40-day buyback run has lifted its 2026 total to HK$32.14 billion
  • Sinolink Securities says AI applications are moving from single-point tools to deep, whole-scenario penetration

NewTimeSpace News: As of 14:17 on October 13, the CSOP Hang Seng TECH Index ETF (03033.HK) fell 1.08% to a latest price of HK$4.040. The ETF has traded 1.338 billion shares so far today for a turnover of HK$5.379 billion at an average price of HK$4.021, with a turnover rate of 9.27%. It is down 1.42% so far this week. Its current net asset value per unit is HK$4.089, and its assets under management stand at HK$59.0 billion.

(Note on scope: the net asset value per unit and assets under management are as of October 12, 2026; the week-to-date change is measured against the closing price of HK$4.098 on October 9.)

On the news front, share buybacks by Hong Kong-listed companies remained active. According to statistics from Securities Times DataBao, 90 Hong Kong-listed companies repurchased a combined 31.6841 million shares for HK$297 million on October 12; among them, Tencent Holdings (00700.HK) bought back 235,000 shares for HK$100 million, marking its 40th consecutive day of buybacks and taking its year-to-date repurchases to HK$32.143 billion; Xiaomi Group-W (01810.HK) repurchased 2.4998 million shares for HK$61.2373 million, taking its year-to-date total to HK$12.5 billion. Both Tencent Holdings and Xiaomi Group-W are constituents of the Hang Seng TECH Index.

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.

Sinolink Securities believes that AI applications are moving from single-point tools to deep, whole-scenario penetration, releasing efficiency gains across office, healthcare and manufacturing; breakthroughs in multimodal interaction are turning AI from passive response to anticipating user needs and sharply lowering the barrier to adoption, with enterprise AI, AI office, AI film and television and AI e-commerce among the areas where penetration is expected to accelerate.

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