Fubon Taiwan Semiconductor (03076.HK) Down 3.40% Intraday as Taiex Slides and TSMC Breaks NT$2,300

NewTimeSpace News: As of 11:03 on November 3, Fubon Taiwan Semiconductor (03076.HK) fell 3.40% to a latest price of HK$17.040. The ETF has so far traded 34,200 units today, with turnover of HK$587,048 and an average price of HK$17.165; its turnover rate is 0.590%. It has fallen 4.16% week to date. The net asset value per unit is HK$17.5775, and assets under management stand at HK$102 million (about US$13 million). (Note: NAV and AUM are as of November 2; the week-to-date change is based on the October 30 close of HK$17.780.)

On November 3, hit by a sell-off in US technology shares, Taiwan's weighted index opened down 438.55 points at 44,481.59 and fell as much as 767.37 points (−1.71%) to an intraday low of 44,152.77. TSMC dropped NT$35 to NT$2,295, losing the NT$2,300 mark, while ASE Technology Holding fell 4.6%, MediaTek 2.9% and Delta Electronics 3.3%. Overnight, the Philadelphia Semiconductor Index fell 3.37% to 10,328.33 and TSMC's ADR lost 1.85%.

Fubon Taiwan Semiconductor (03076.HK) tracks the ICE FactSet Taiwan Core Semiconductor Index (Net Total Return). Its constituents are core semiconductor companies listed on the Taiwan Stock Exchange and the Taipei Exchange, spanning foundry, IC design, packaging and testing, memory, and semiconductor equipment, with a 10% weight cap applied to OTC constituents. The product is managed by Fubon Fund Management (Hong Kong) Limited, listed on the Hong Kong Stock Exchange on January 13, 2022, with a management fee of 0.06% per year.

Bernstein believes TSMC's exclusive 3nm-and-below advanced-node capacity and 2.5D/3D advanced packaging remain persistently tight, enabling the company to convert AI compute demand into revenue growth through foundry price increases and process-plus-packaging upgrades. It expects 2027 price hikes of high single digits to low double digits for advanced nodes and mid single digits for mature nodes, with capital expenditure of US$64 billion, US$75 billion and US$82 billion in 2026-2028 respectively.