Fubon NYSE FactSet Taiwan Core Semiconductor Index ETF (03076.HK) Falls 3.48% Intraday as TAIEX Slips 1.4%

NewTimeSpace News: As of 14:36 on October 29, the Fubon NYSE FactSet Taiwan Core Semiconductor Index ETF (03076.HK) fell 3.48% to a latest price of HK$18.280. The ETF has traded 53,200 units so far today for a turnover of HK$974,374 at an average price of HK$18.315, with a turnover rate of 0.917%. It is up 2.35% so far this week. Its current net asset value per unit is HK$18.9373, and its assets under management stand at about HK$110 million (about US$14 million).

(Note on scope: the net asset value per unit and assets under management are as of October 28, 2026, with assets under management converted from the disclosed US$14 million at a US dollar to Hong Kong dollar rate of about 7.858; the week-to-date change is measured against the closing price of HK$17.860 on October 23.)

On the news front, Taiwan's weighted share index opened lower on October 29 and weakened, touching an intraday low of 46,146—down more than 800 points—and losing its quarterly line around 46,502 before closing at 46,368.33, down 1.4%. Electronics and semiconductor shares came under pressure: TSMC opened lower and traded as low as NT$2,395, down more than 1%; United Microelectronics hit the daily limit of NT$115.5 intraday on volume exceeding 230,000 lots; AUO turned lower and fell nearly 4%; while gallium arsenide maker WIN Semiconductors hit the daily limit of NT$594 after third-quarter earnings per share of NT$4.55. The financial sector index bucked the trend with a gain of more than 1%. In the background, the US Federal Reserve kept its federal funds target range unchanged, with market-implied odds of a December hike above 80%; US indices all closed higher overnight, with the Philadelphia Semiconductor Index up 1.75% at 11,684 and TSMC's ADR up 0.60% at US$439.51. After the bell, however, Alphabet's results fell short of expectations and the stock plunged 10%, dragging Nasdaq futures lower and sending Taiwan index futures down 128 points in night trading. A day earlier the TAIEX had surged 939.35 points to close at 47,035.58 on turnover of just NT$722.1 billion.

The Fubon NYSE FactSet Taiwan Core Semiconductor Index ETF (03076.HK) is a passively managed exchange-traded fund under Fubon Fund Management (Hong Kong), listed on January 13, 2022, with the investment objective of providing returns that closely track the NYSE FactSet Taiwan Core Semiconductor 10% Capped OTC Index (net total return), before fees and expenses. The fund primarily adopts a full replication strategy, investing directly in the index constituents in substantially the same weightings; its base currency is the US dollar and it trades in Hong Kong dollars, with a board lot of 200 units and an ongoing charges ratio of 0.88%.

Citi believes TSMC's revenue growth can stay above 40% into 2027, driven by strong AI computing demand, the potential growth runway for AI agents and the emergence of the co-packaged optics (CPO) networking cycle. With major AI chip customers—including Nvidia, AMD and Broadcom—expected to accelerate, TSMC's AI-related revenue growth could nearly double next year, and the market is likely to keep raising its earnings forecasts; supported by the strong revenue outlook, TSMC's capital expenditure could rise to US$81 billion in 2027 and US$90 billion in 2028.