CSOP Hang Seng Tech ETF (03033.HK) Up 1.41% as Hong Kong Tech Extends Gains

NewTimeSpace News: As of 14:24 on November 10, CSOP Hang Seng Tech ETF (03033.HK) rose 1.41% to a latest price of HK$4.018. The ETF has so far traded 692.11 million units today, with turnover of HK$2.77 billion and an average price of HK$4.002; its turnover rate is 4.672%. It has gained 0.60% week to date. The net asset value per unit is HK$3.9597, and assets under management stand at HK$58.663 billion. (Note: NAV and AUM are as of November 9; the week-to-date change is based on the close of HK$3.994 on November 6, the last trading day of the prior week.)

Hong Kong tech shares extended their rebound on November 10. At the midday close the Hang Seng Index was up 0.29% at 24,518.87 and the Hang Seng TECH Index up 0.70% at 4,069.03, with half-day turnover of HK$92.983 billion; gains widened in the afternoon, with the tech index at 4,088.85, up 1.19%, by 14:07. The move was highly bifurcated: large-model and semiconductor names led, with Zhipu up 11.89%, Tianshu Zhixin 9.06%, MINIMAX-W 7.06% and Horizon Robotics 5.17%, while SMIC gained 3.91%, Hua Hong Semiconductor 2.92% and Sunny Optical 3.33%. Heavyweight internet stocks lagged, with Alibaba down 3.44%, JD.com 1.87% and Tencent Music 1.18%. By sector, information technology rose 0.97%, while energy fell 1.84% and consumer discretionary 1.10%.

CSOP Hang Seng Tech ETF (03033.HK) is a passive ETF under CSOP that closely tracks the Hang Seng Tech Index. Compiled by Hang Seng Indexes, the index reflects the performance of the 30 largest companies listed in Hong Kong that are classified under the industrials, consumer discretionary, healthcare, financials and information technology sectors and are highly relevant to the technology theme, weighted by free-float market capitalisation with an 8% cap on any single constituent. The product is managed by CSOP Asset Management Limited, with a management fee of 0.99% per year.

Guohai Securities believes electronics-sector sentiment and AI innovation cycles remain in a strong uptrend. Apple's AI iPhone is expected to launch in China in December with Alibaba's Qwen model, and new devices from OpenAI and ByteDance should arrive within the year, making AI edge devices a key support for closing the AI capex loop. Over the medium term, it sees better value in wafer fabrication, where yields and capacity have improved markedly, and in semiconductor equipment and components, where orders should grow on faster capex.