CSOP FTSE HK-Korea Tech+ Index ETF (03431.HK) Rises 0.73% Intraday as KOSPI Surges Over 4% and Triggers Buy-Side Circuit Breaker

NewTimeSpace News: As of 13:24 on October 21, the CSOP FTSE HK-Korea Tech+ Index ETF (03431.HK) rose 0.73% to a latest price of HK$8.965. The ETF has traded 1.6327 million units so far today for a turnover of HK$14.7375 million at an average price of HK$9.026, with a turnover rate of 1.426%. It is up 0.73% so far this week. Its current net asset value per unit is HK$8.9553, and its assets under management stand at HK$1.025 billion.

(Note on scope: the net asset value per unit and assets under management are as of October 20, 2026; the week-to-date change is measured against the closing price of HK$8.900 on October 20.)

On the news front, Korea's benchmark KOSPI index surged in early trading on October 21, with the intraday gain once exceeding 4%, prompting the Korea Exchange to trigger its buy-side circuit breaker and suspend programmatic buying — the first such trigger in about two months. As of 11:33 a.m., the KOSPI stood at 5,781.37, up 4.12%, with both Samsung Electronics and SK hynix up more than 6% intraday; foreign investors and institutions net bought about KRW334 billion and KRW134.4 billion respectively. Samsung Electronics and SK hynix are major constituents of the FTSE HK-Korea Tech+ Index.

The CSOP FTSE HK-Korea Tech+ Index ETF (03431.HK) closely tracks the FTSE HK-Korea Tech+ Index (net total return version). Designed under the ETF Connect framework of the Hong Kong Stock Exchange, the index covers Hong Kong-listed technology stocks eligible for Southbound trading and leading Korean technology stocks, selecting up to 20 technology-oriented securities each from the SEHK and the KRX by market capitalisation, weighted by freefloat-adjusted market capitalisation with weight caps of 65% for Hong Kong stocks and 35% for Korean stocks, individual stock caps of 10% and 15% respectively, and semi-annual reviews. The fund primarily adopts a physical representative sampling strategy.

Citi said in a report that it expects SK hynix's third-quarter operating profit to reach KRW81.3 trillion, up 34% quarter on quarter and 614% year on year and 8% above the market expectation of KRW75.5 trillion, with third-quarter sales projected at KRW101.2 trillion. The bank noted that SK hynix is focused on high-density QLC NAND technology and is enhancing TLC NAND performance to support customised AI solutions, positioning it as a major beneficiary of surging enterprise SSD (eSSD) demand, and believes memory supply tightness will persist until 2028.