Samsung's Profit Miss Drags Korean Stocks Lower; Csop Ftse Hk-Korea Tech+ Index Etf (03431.HK) Falls 2.96% Intraday

NewTimeSpace News: As of 9:52 on October 29, 2026, Csop Ftse Hk-Korea Tech+ Index Etf (03431.HK) fell 2.96% intraday to a latest price of HK$8.685, with a turnover of HK$2.68 million, a trading volume of 307,000 shares, and a turnover rate of 0.27%. Its current net asset value per unit is HK$8.9799, and its assets under management stand at HK$1.02 billion.

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 28, the ETF had assets under management of HK$1.02 billion, a net asset value per unit of HK$8.9799, and a board lot of 100 units.

On the news front, Samsung Electronics released its full third-quarter 2026 results on October 29, reporting operating profit of KRW 107.44 trillion, up 783% year-on-year—the first time its quarterly operating profit has exceeded KRW 100 trillion, with the chip division alone contributing KRW 106.5 trillion and accounting for almost all of group profit. Net profit for the quarter, however, came in at KRW 75.21 trillion, below market expectations, and the mobile business recorded an operating loss of KRW 600 billion. Samsung's shares fell as much as 4% intraday after the release.

RBC believes that third-quarter DRAM contract prices rose 20% quarter-on-quarter and may rise a further 15% in the fourth quarter, with strong pricing power helping to offset the adverse effects of exchange rates; the DRAM upcycle, already 14 quarters long, has another five quarters to run, with supply tightness expected to persist into 2027.