Tracker Fund of Hong Kong (02800.HK) Rises 0.09% Intraday as Hang Seng Opens Higher

NewTimeSpace News: As of 9:44 on November 3, the Tracker Fund of Hong Kong (02800.HK) rose 0.09% to a latest price of HK$23.500. The ETF has traded 81.5216 million units so far today for a turnover of HK$1.918 billion at an average price of HK$23.523, with a turnover rate of 1.55%. It is up 0.34% so far this week. Its current net asset value per unit is HK$23.4962, and its assets under management stand at HK$123.754 billion.

(Note on scope: the net asset value per unit and assets under management are as of November 2, 2026; the week-to-date change is measured against the closing price of HK$23.420 on October 30.)

On the news front, Hong Kong's three main indices opened higher on November 3, with the Hang Seng Index adding 76.32 points, or 0.33%, to 23,469.64 and the Hang Seng China Enterprises Index gaining 27.8 points, or 0.35%, to 7,933.91. Banks opened mostly higher, with BOCHK up 1.3% and Harbin Bank 1.75%; gold miners rebounded with spot bullion, Lingbao Gold gaining more than 2%; airlines rose broadly, with China Eastern up more than 3%, while auto and Chinese brokerage stocks also advanced. By contrast, international crude prices slumped — WTI settled at US$96.46 on November 2, down 7.36% on the day, and Brent at US$104.40, down 7.94%, the largest one-day fall of 2026 — dragging the three major Chinese oil companies lower, with PetroChina down more than 2%; memory semiconductors, optical communications and shipping also fell. On geopolitics, US President Donald Trump said he would not strike Iran after the midterm elections, while Iran's president said his government was working to resolve issues through dialogue. A day earlier, the Hang Seng Index closed up 0.42% at 23,393.32 on November 2, when Southbound funds net sold about HK$4.469 billion.

The Tracker Fund of Hong Kong (02800.HK) invests all or substantially all of its assets in the constituent stocks of the Hang Seng Index in substantially the same weightings as the index, using a physical replication approach. The Hang Seng Index is compiled by Hang Seng Indexes Company, weighted by freefloat-adjusted market capitalisation with an 8% cap on any single constituent, and reflects the overall performance of leading large and mid-cap Greater China and foreign companies listed on the Main Board of the Hong Kong Stock Exchange; the number of constituents is capped at 100 and currently stands at 95, with reviews conducted quarterly; the index was launched with a base date of 31 July 1964 and a base value of 100 points.

JPMorgan believes this round of policy is not "heavy artillery" but has made the market bottom more solid: the forward price-to-earnings ratios of the MSCI China Index and the CSI 300 are now only about 9% above their levels on September 24, 2024, offering attractive risk-reward; falling valuations, high earnings growth and the localisation of artificial intelligence together provide support.