CSOP Hang Seng HK-US Tech ETF (03442.HK) Up 2.19% After US Tech Rally

NewTimeSpace News: As of 14:20 on November 10, CSOP Hang Seng HK-US Tech ETF (03442.HK) rose 2.19% to a latest price of HK$7.455. The ETF has so far traded 162,200 units today, with turnover of HK$1.2066 million and an average price of HK$7.439; its turnover rate is 0.182%. It has gained 1.64% week to date. The net asset value per unit is HK$7.3332, and assets under management stand at HK$653 million. (Note: NAV and AUM are as of November 9; the week-to-date change is based on the close of HK$7.335 on November 6, the last trading day of the prior week.)

US stocks closed higher on November 9: the Dow Jones rose 2.15% to 52,389.75, the S&P 500 2.35% to 7,549.94 and the Nasdaq Composite 2.74% to 25,253.14, its biggest one-day gain since July 30, while the Nasdaq 100 climbed 3.4%. Semiconductors led, with the Philadelphia Semiconductor Index up 6.85%: AMD gained 13.26%, Broadcom 8.78%, ASML 6.21% and TSMC 3.48%, while memory names Seagate and Western Digital rose more than 9% and SanDisk and Micron more than 5-6%. Mega-cap technology rose broadly, with Tesla up 5.54%, Meta 5.12%, Amazon 2.94%, Microsoft 2.75% and Apple 2.43%, though Nvidia bucked the trend with a 4.27% decline to a near seven-month closing low after falling almost 9% intraday. Chinese ADRs did not follow, with the Nasdaq Golden Dragon China Index down 1.32% as Alibaba fell 3.72%, PDD 3.05% and JD.com 2.51%. Hong Kong tech rose on November 10, with the Hang Seng TECH Index at 4,088.85, up 1.19%, by 14:07.

CSOP Hang Seng HK-US Tech ETF (03442.HK) is a passive ETF under CSOP Asset Management tracking the Hang Seng HK-US Tech Index, which covers technology-related companies listed in Hong Kong and the United States to reflect the performance of tech leaders in both markets. The product listed on the Hong Kong Stock Exchange on March 31, 2025, with a management fee of 0.99% per year.

CSC Financial believes investment in AI infrastructure remains intense. It is optimistic on the sector outlook, positive on the computing demand that AI development will generate, and maintains a long-term constructive view on both North American and domestic Chinese AI computing supply chains.