CSOP Hang Seng TECH Index ETF (03033.HK) Rises 0.43% Intraday as Hang Seng TECH Index Gains 0.87%

NewTimeSpace News: As of 10:36 on November 2, the CSOP Hang Seng TECH Index ETF (03033.HK) rose 0.43% to a latest price of HK$3.708. The ETF has traded 550.50 million units so far today for a turnover of HK$2.041 billion at an average price of HK$3.708, with a turnover rate of 3.69%. It is up 0.43% so far this week. Its current net asset value per unit is HK$3.6807, and its assets under management stand at HK$54.985 billion.

(Note on scope: the net asset value per unit and assets under management are as of October 30, 2026; the week-to-date change is measured against the closing price of HK$3.692 on October 30.)

On the news front, Hong Kong tech stocks opened higher on November 2 and extended gains early on, with the Hang Seng TECH Index briefly up more than 1% before paring the advance to 0.87% at 3,787.58 as of 10:37, within a session range of 3,763.76 to 3,800.34; the Hang Seng Index rose 0.80% to 23,480.05. Among constituents, XPeng gained more than 4%, while Xiaomi, MiniMax, Leapmotor, BYD, Tencent, Alibaba, Hua Hong Semiconductor, Kuaishou, JD.com, Meituan and Li Auto all advanced. By sector, semiconductors, hardware equipment, media and coal rose, while non-ferrous metals, oil and petrochemicals, construction and home appliances fell. In the prior session on October 30, the three main Hong Kong indices all closed higher, with the Hang Seng Index up 1.46% and the Hang Seng TECH Index up 0.29%; for the full month of October, the Hang Seng Index fell 5.36% and the Hang Seng TECH Index 11.73%. Overnight in the US, the Nasdaq fell 2.86% and the Philadelphia Semiconductor Index dropped 7.2% after Intel's fourth-quarter revenue badly missed expectations, sending its shares down 28.58% in a day, and Amazon reported an operating cash flow deficit.

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.

CSC Financial believes the Hang Seng TECH Index has fallen to its lowest in more than two years after the sharp sell-off, with growth-stock de-rating largely complete, while high-dividend assets such as mainland banks and utilities remain valuable at elevated rates and provide bottom support for the index. Trend recovery, however, requires two confirmations: a material easing of overseas discount-rate pressure—if December hike expectations recede and Treasury yields fall markedly, the valuation elasticity of long-duration growth stocks can recover—and a return of Southbound flows alongside fresh incremental capital. Until then the index is likely to consolidate and build a base, with a barbell of defensive dividend holdings plus waiting for growth stabilisation relatively favoured.