CSOP Hang Seng TECH Index ETF (03033.HK) Falls 1.49% Intraday as Tech Names Slide, Robot Concepts Buck the Trend

NewTimeSpace News: As of 14:33 on October 20, the CSOP Hang Seng TECH Index ETF (03033.HK) fell 1.49% to a latest price of HK$3.968. The ETF has traded 1.306 billion units so far today for a turnover of HK$5.185 billion at an average price of HK$3.970, with a turnover rate of 8.91%. It is down 1.49% so far this week. Its current net asset value per unit is HK$4.0286, and its assets under management stand at HK$59.025 billion.

(Note on scope: the net asset value per unit and assets under management are as of October 16, 2026; the week-to-date change is measured against the closing price of HK$4.028 on October 16.)

On the news front, Hong Kong stocks opened lower and slid on October 20 (October 19 was a holiday following the Chung Yeung Festival): the Hang Seng TECH Index opened down 1.28% and was down 1.21% at midday at 4,058.39. Tech names were broadly lower, with Alibaba down 3.13%, Tencent down 1.68%, JD.com down 1.51%, Kuaishou down 2.05% and Bilibili down 2.77%, while Xiaomi bucked the trend with a 1.6% gain; Lenovo fell more than 7%, and semiconductor, optical communication and PCB concepts dropped across the board. Humanoid robot concepts moved against the trend, with UBTech up more than 4% and Zhaowei Machinery & Electronics up more than 15%. Overnight US AI concepts warmed up and the Nasdaq rose 1.11%, but that failed to lift Hong Kong tech stocks.

The CSOP Hang Seng TECH Index ETF (03033.HK) tracks the Hang Seng TECH Index. The index covers 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, and their businesses must be highly related to themes such as the internet (including mobile applications), fintech, cloud, e-commerce, digitalisation or intelligentisation. It is weighted by freefloat market capitalisation with an 8% cap on any single constituent and is reviewed quarterly. The fund adopts a full replication strategy.

JPMorgan believes the long-term value logic of the robotics industry still holds, but the path from technical feasibility to commercial inevitability is more complicated than many expect; over the next 6 to 12 months, rapid product iterations, frequent new launches and aggressive pricing can support high shipment growth but will clearly suppress corporate profits; at the same time, the value chain is shifting from hardware bodies to intelligent data and software.