CSOP Hang Seng HK-US TECH ETF (03442.HK) Rises 0.99% Intraday as TSMC Q3 Net Profit Jumps 68.7%

NewTimeSpace News: As of 10:13 on October 16, the CSOP Hang Seng HK-US TECH ETF (03442.HK) rose 0.99% to a latest price of HK$7.665. The ETF has traded 10,300 units so far today for a turnover of HK$79,076.5 at an average price of HK$7.677, with a turnover rate of 0.012%. It is down 1.54% so far this week. Its current net asset value per unit is HK$7.589, and its assets under management stand at HK$675 million.

(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$7.785 on October 9.)

On the news front, TSMC reported its third-quarter 2026 results and held its analysts meeting on October 15: net profit attributable to the parent was NT$763.06 billion, up 68.7% year on year and a record for the sixth consecutive quarter; the company guided fourth-quarter sales of US$52.3 billion to US$54.3 billion, above the market estimate of US$50.35 billion, expects 2026 revenue to grow about 44% in US-dollar terms, and kept its 2026 capital expenditure at US$60 billion to US$64 billion, saying CPU demand from AI agents still far exceeds current supply. Separately, Meta opened the weights of its Muse Spark open model for developers to download and modify on October 15 while keeping its most advanced technology closed; Meta is a US constituent of the index.

The CSOP Hang Seng HK-US TECH ETF (03442.HK) tracks the Hang Seng HK-US TECH Index (net total return version). The index reflects the performance of top technology companies listed in Hong Kong or the United States: its Hong Kong sleeve comprises Hang Seng TECH Index constituents eligible for Stock Connect, weighted by freefloat-adjusted market capitalisation, while its US sleeve consists of eight NASDAQ-listed companies—Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, SpaceX and Tesla—equally weighted; weight caps for the two markets are 60% and 40% respectively, with a minimum of 30 constituents.

Fangzheng Securities noted that, according to a SEMI report, global semiconductor equipment sales are expected to hit a record US$165.9 billion in 2026, up 23.2% year on year, and reach US$229.5 billion by 2028 for a fifth straight year of growth; the optimistic growth outlook mainly comes from the acceleration of AI infrastructure investment, and the increased investment in advanced logic, memory and backend technologies required by higher computing density, high-bandwidth memory and more complex device architectures.