Ping An East-West Select ETF (03477.HK) Falls 1.17% Intraday as Nasdaq Rebounds 1.11%

NewTimeSpace News: As of 13:10 on October 20, the Ping An East-West Select ETF (03477.HK) fell 1.17% to a latest price of HK$16.930. The ETF has traded 119,000 units so far today for a turnover of HK$2.0207 million at an average price of HK$16.980, with a turnover rate of 0.277%. It is down 1.17% so far this week. Its current net asset value per unit is HK$17.0645, and its assets under management stand at HK$734 million.

(Note on scope: the net asset value per unit is as of October 15, 2026 and the assets under management as of October 16, 2026; the week-to-date change is measured against the closing price of HK$17.130 on October 16.)

On the news front, US stocks were mixed on October 19: the Nasdaq Composite rose 1.11% to 26,430.89 and the S&P 500 gained 0.41%, while the Dow Jones Industrial Average slipped 0.07%. AI concepts warmed up, with Amazon up 4.98%, Tesla up 3.76% and Nvidia up 1.38%, and memory chips rebounded across the board — SanDisk rose more than 5%, SK hynix more than 4% and Micron nearly 3%, with the Philadelphia Semiconductor Index up 1.61%. The Nasdaq fell a cumulative 4.48% last week. In Hong Kong, the Hang Seng Index came under pressure on October 20, down about 1% intraday.

The Ping An East-West Select ETF (03477.HK) closely tracks the Solactive Global Pacific Equity Select HKD Net Return Index, a net total return index weighted by freefloat market capitalisation whose constituents are securities listed on the Hong Kong Exchange and on US venues including the New York Stock Exchange, NYSE American, NYSE Arca, Nasdaq, IEX and BZX. The fund primarily adopts a full replication strategy, investing in the index securities in substantially the same weightings as the index.

Huatai Securities said that last week's US September CPI and PPI both beat expectations, lifting the odds of an October rate hike and pushing long-end US Treasury yields to a 24-year high intraday, but the subsequent pullback in the AI chain amid financing pressure and growth concerns in turn drove Treasury yields back from their highs; under AI adjustment pressure, Hong Kong stocks still warrant stage-by-stage attention to innovative drug and CXO leaders, with dividends continuing to form the base position — mainly operating assets such as railways, roads and ports — while the trend-based window for adding technology hardware still needs to wait, and internet leaders are relatively resilient but their earnings expectations have yet to stabilise, awaiting verification during the results season.