Hang Seng TECH Index ETF (03032.HK) Rises 1.92% Intraday as CITIC CLSA Sees Strong Q3 Momentum for SMIC

NewTimeSpace News: As of 9:50 on October 16, the Hang Seng TECH Index ETF (03032.HK) rose 1.92% to a latest price of HK$4.138. The ETF has traded 11.6913 million units so far today for a turnover of HK$48.4250 million at an average price of HK$4.142, with a turnover rate of 0.942%. It is down 1.05% so far this week. Its current net asset value per unit is HK$4.0608, and its assets under management stand at HK$5.040 billion.

(Note on scope: the net asset value per unit and assets under management are as of October 15, 2026; the week-to-date change is measured against the closing price of HK$4.182 on October 9.)

On the news front, Hong Kong stocks corrected sharply on October 15: the Hang Seng TECH Index closed at 4,060.99, down 2.72%, and the Hang Seng Index fell 1.03% to 24,062.72, losing the 24,000 mark, with market turnover at HK$224.1 billion. Tech names were broadly under pressure — Baidu fell 4.5%, Alibaba 3.7% and Meituan 2.1%, while Xiaomi bucked the trend with a 2.65% gain; chip stocks SMIC and Hua Hong fell 4% and 7.8% respectively. SMIC is a constituent of the Hang Seng TECH Index.

The Hang Seng TECH Index ETF (03032.HK) is managed by Hang Seng Investment Management and closely tracks the Hang Seng TECH Index, primarily adopting a full replication strategy by investing in all constituents in approximately the same weightings as the index; the board lot is 200 units and the management fee is 0.55% a year. The index represents the largest 30 Hong Kong-listed companies that are highly relevant to technology themes after screening; constituents must belong to the industrials, consumer discretionary, healthcare, financials or information technology sectors, with businesses highly related to themes such as the internet, fintech, cloud, e-commerce and intelligentisation. It is weighted by freefloat market capitalisation with an 8% cap on any single constituent and is reviewed quarterly.

In a research report dated October 15, CITIC CLSA said that, thanks to robust AI demand and accelerating domestic substitution, orders and capacity utilisation at AI PCB, foundry, equipment and AI computing chip companies in China's semiconductor supply chain stayed high in the third quarter, with earnings continuing to improve; the shortage of upstream components is delaying deliveries in the short term, and it expects the upstream supply-demand balance to improve gradually from the fourth quarter of this year into 2027. The brokerage believes SMIC, benefiting from product pricing and mix optimisation and yield improvements, has strong third-quarter momentum and a favourable outlook.