Ping An EW Sel(03477.HK) up 0.60%, Broadcom seals $63bn AI financing

NewTimeSpace News: As of 13:44 HKT on October 28, 2026, Ping An East-West Select(03477.HK) rose 0.60% intraday to HK$16.800 on turnover of HK$1.03 million and volume of 61,200 shares.

NewTimeSpace understands that Ping An East-West Select(03477.HK), managed by Ping An of China Asset Management (Hong Kong) Company Limited, tracks the Solactive Global Pacific Select HKD Net Return Index, which covers large and mid-cap stocks in markets including mainland China, Hong Kong and the United States. As of 13:44 HKT on October 28, the ETF had assets of HK$728 million, a net asset value of HK$16.735 per unit, a turnover rate of 0.14% and a board lot of 50 shares.

On the news front, Broadcom announced a US$63 billion financing arrangement with Bank of America, Blackstone, Citigroup and Morgan Stanley to buy its XPU AI accelerators and networking solutions through a newly set up special purpose vehicle and lease them to Anthropic, with equipment deliveries expected to begin in 2027.

Jason Windsor, group chief executive of abrdn, said at the 2026 Financial Street Forum annual meeting that China sits at the core of the forces transforming the global economy, including advanced manufacturing, artificial intelligence, digitalisation, the energy transition and healthcare; China is not merely one allocation within the emerging market benchmark but an important part of how global investors position for the future.