Fubon Taiwan Semiconductor (03076.HK) Down 4.60% as Taiex Plunges Over 1,000 Points

NewTimeSpace News: As of 11:03 on November 5, Fubon Taiwan Semiconductor (03076.HK) fell 4.60% to a latest price of HK$15.750. The ETF has so far traded 24,800 units today, with turnover of HK$391,664 and an average price of HK$15.793; its turnover rate is 0.428%. It has fallen 11.42% week to date. The net asset value per unit is HK$16.3892, and assets under management stand at HK$95.05 million (about US$12.11 million). (Note: the last trade today was at 10:49 at HK$15.830, 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$17.780.)

Taiwan's weighted index opened at 42,666.13 on November 5, down 282.78 points, and fell as much as 1,082.81 points (−2.52%) to an intraday low of 41,866.10; at 10:00 it stood at 42,203, down 745.43 points. Overnight, the Philadelphia Semiconductor Index fell 3.13% to 10,268.66, Nvidia lost 3.17% and TSMC's ADR 2.24%, on concerns over tighter AI data-centre regulation and slower expansion. TSMC traded between NT$2,245 and NT$2,285 and stood at NT$2,255 at 10:00, down 0.22%, while ASE Technology Holding fell 5.9%, Delta Electronics 4.9% and MediaTek 3.1%, with several memory, PCB and thermal-management names hitting limit down.

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.

Waterland Financial Holdings believes the recent correction in Taiwan equities has been sizable, but the long-term growth trend of the AI industry remains intact and technology giants continue to offer positive operating outlooks, which should support market confidence; as international political and economic variables are digested, focus should return to corporate fundamentals and 2027 growth momentum, and Taiwan stocks may gradually bottom out and build a rebound, with electronic heavyweights worth watching for a recovery in buying interest.