CSOP Hang Seng TECH Index ETF (03033.HK) Falls 4.79% Intraday as Hang Seng TECH Index Hits Lowest since September 2024

NewTimeSpace News: As of 14:20 on October 22, the CSOP Hang Seng TECH Index ETF (03033.HK) fell 4.79% to a latest price of HK$3.734. The ETF has traded 2.1323 billion units so far today for a turnover of HK$8.010 billion at an average price of HK$3.757, with a turnover rate of 14.48%. It is down 7.30% so far this week. Its current net asset value per unit is HK$3.9168, and its assets under management stand at HK$57.681 billion.

(Note on scope: the net asset value per unit and assets under management are as of October 21, 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 sold off sharply on October 22, with the Hang Seng TECH Index down 4.64% at midday and once breaking below 3,900 to 3,869 intraday, its lowest since September 2024. Tech names were broadly lower, with Alibaba down 4.6%, JD.com down more than 3%, Xiaomi and Tencent down more than 2%, and Lenovo once down more than 5%; CPO concepts were hit hard, with Yangtze Optical Fibre and Cable down more than 8% and Zhongji Innolight's H shares down more than 7%; the AI application segment also slid, with MiniMax once down 6.2%. In the background, US-listed Chinese stocks fell collectively overnight, with the Nasdaq Golden Dragon China Index closing down 2.35%; Southbound funds net sold HK$4.434 billion on October 21, a sixth straight day of net selling; and the 10-year US Treasury yield rose to 5.13%.

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.

Zhongtai International analysed that in the first half of the year, the global market's core focus was the AI hardware segment with higher growth and earnings visibility, and Hong Kong internet stocks also faced pressure from fund outflows, especially foreign capital — the two main reasons for the sector's first-half weakness. Looking into the fourth quarter, the development of the AI industry chain is one of the most important catalysts for the internet sector, and marginal changes in AI computing power, large models and AI agents are worth watching; on AI applications, programming and office work are currently the most widely adopted areas, and personal agents have recently seen notable user growth overseas — if new application scenarios follow, they will provide a strong catalyst for the sector.