SK Hynix Q3 Operating Profit Jumps 632%; Csop Ftse Hk-Korea Tech+ Index Etf (03431.HK) Rises 3.25% Intraday

NewTimeSpace News: As of 9:53 on October 28, 2026, Csop Ftse Hk-Korea Tech+ Index Etf (03431.HK) rose 3.25% intraday to a latest price of HK$8.895, with a turnover of HK$6.03 million, a trading volume of 678,100 shares, and a turnover rate of 0.59%. Its current net asset value per unit is HK$8.6643, and its assets under management stand at HK$987.73 million.

NewTimeSpace understands that Csop Ftse Hk-Korea Tech+ Index Etf (03431.HK) is managed by CSOP Asset Management Limited, with the full name CSOP FTSE HK-Korea Tech+ Index ETF, and an investment objective of providing investment results that closely track the FTSE ETF Connect HK-Korea Tech+ Index (Net Total Return), before fees and expenses. The ETF primarily adopts a physical representative sampling strategy, investing 50% to 100% of net asset value in Index securities, and uses a synthetic representative sampling strategy as a supplementary approach, investing up to 50% of net asset value in financial derivative instruments such as funded total return swaps when considered beneficial. The manager may deviate from Index weightings, provided that any constituent's deviation does not exceed 3%. The Index is constructed under the HKEX ETF Connect framework and covers Hong Kong-listed technology stocks eligible for Stock Connect together with leading Korean technology stocks; by market capitalisation it selects up to 20 technology securities listed on the Stock Exchange of Hong Kong and 20 listed on the Korea Exchange, for 40 constituents in total, weighted by free-float adjusted market capitalisation. The caps on Hong Kong and Korean stocks are 65% and 35% respectively, individual constituent caps are 10% and 15%, and the Index is reviewed semi-annually. Its top ten constituents include SK Hynix, Samsung Electronics, MEITUAN-W, ALIBABA-W, SMIC, XIAOMI-W and TENCENT. As of October 27, the ETF had assets under management of HK$987.73 million, a net asset value per unit of HK$8.6643, and a board lot of 100 units.

On the news front, SK Hynix released its fiscal 2026 third-quarter results on October 28, with revenue of KRW 104.62 trillion, surpassing KRW 100 trillion for the first time in its history and up 327.9% year-on-year; operating profit reached KRW 83.33 trillion, up 632.1% year-on-year and above the market expectation of KRW 77.5 trillion, with an operating margin of 80%. The company said HBM4 shipments are now in full swing and server DDR5 sales grew substantially, and it expects the memory supply shortage to persist until 2030.

Goldman Sachs believes that the KOSPI has fallen about 40% from its previous peak, giving back roughly half of the prior bull market's gains, yet current valuations have over-reflected the risk of deteriorating fundamentals; the index's forward 12-month price-earnings ratio has dropped to about 4x, three standard deviations below its historical average, with the semiconductor sector at just 2.8x—a record low. The bank also noted that the market implies a return on equity of only about 23% for the memory industry, well below the consensus of 45%, indicating that investors remain doubtful about the sustainability of current earnings levels.