Ping An Technology Select ETF (03406.HK) Up 3.77% as Hong Kong Tech Rallies

NewTimeSpace News: As of 10:19 on November 5, Ping An Technology Select ETF (03406.HK) rose 3.77% to a latest price of HK$13.750. The ETF has so far traded only 1,100 units today, with turnover of HK$15,122 and an average price of HK$13.747; its turnover rate is 0.002%. It has gained 5.04% week to date. The net asset value per unit is HK$13.0931, and assets under management stand at HK$628 million. (Note: only three trades were recorded today, at 10:02, 10:06 and 10:19, after which the price is a market quotation; NAV and AUM are as of November 4; the week-to-date change is based on the October 30 close of HK$13.090.)

Hong Kong stocks opened higher and extended gains on November 5, with the Hang Seng Index up nearly 3% to reclaim 24,000 points and the Hang Seng TECH Index gaining more than 4%. On liquidity, the People's Bank of China said it conducted 300 billion yuan of outright reverse repos that day to keep banking-system liquidity ample. Overnight, US stocks closed higher: the Nasdaq Composite rose 1.44% to 25,736.51 and the Nasdaq Golden Dragon China Index gained 3.49% to 5,722.71, with Alibaba up 5.00%, Baidu 4.50% and NetEase 4.33%. Sector performance diverged: internet and innovative drug names rallied while memory and optical communication pulled back, with Zhongji Innolight down more than 7% and CSOP SK Hynix Daily (2x) Leveraged Product down 15%.

Ping An Technology Select ETF (03406.HK) is a passive ETF under Ping An Asset Management (Hong Kong) tracking the Wind Technology Select HKD Net Return Index, covering Hong Kong-listed technology-related names to reflect the performance of Hong Kong tech leaders. The product listed on the Hong Kong Stock Exchange on September 9, 2025, with a management fee of 0.55% per year.

Guosheng Securities believes the medium-term uptrend in hard technology is not yet broken, though short-term adjustment pressure still needs to be digested; from mid-to-late October the market's pricing logic shifts to fundamental validation, with third-quarter results making this a key window for testing sentiment across the AI supply chain, and companies beating expectations may become the structural main line amid the correction.