Global X China Semiconductor ETF (03191.HK) Up 3.11% as SOX Jumps 5.66%

NewTimeSpace News: As of 14:17 on November 12, Global X China Semiconductor ETF (03191.HK) rose 3.11% to a latest price of HK$66.920. The ETF has so far traded 324,300 units today, with turnover of HK$21.81 million and an average price of HK$67.247; its turnover rate is 0.813%. It has gained 4.82% week to date. The net asset value per unit is HK$65.65, and assets under management stand at RMB2.228 billion (about HK$2.62 billion). (Note: NAV and AUM are as of November 11; AUM is denominated in renminbi and converted at RMB1 = HK$1.17581; the week-to-date change is based on the close of HK$63.840 on November 6, the last trading day of the prior week; the price carries a premium of about 1.93% to NAV.)

Semiconductor shares advanced on November 12 after a strong overnight session in the United States. On November 11, the Nasdaq Composite rose 1.6% and the Philadelphia Semiconductor Index gained 5.66% to reclaim the 10,000 level, with SanDisk up more than 13%, Micron over 11%, SK Hynix over 9% and Western Digital over 8%. Memory pricing showed further upside: TrendForce data put the average contract price of conventional DRAM up 5.77% month on month in October, and the firm forecasts PC DRAM contract prices rising 13% to 18% in the fourth quarter. Market sources said some leading memory makers have verbally notified distributors of intended price increases for enterprise-grade chips, though formal notices have yet to be issued and consumer-grade products have not followed. On the mainland, the CSI All Share Semiconductor Products and Equipment Index rose 2.56% by 09:40 and the CSI Semiconductor Materials and Equipment Theme Index gained more than 6% intraday, with Cambricon up over 10%, Peric Special Gases over 12% and Hygon Information over 4%. On the equipment side, SEMI expects global 300mm wafer fab front-end equipment spending to grow 31% year on year in 2026, and some domestic equipment makers have order books extending into next year. Hong Kong lagged, with the Hang Seng Index down 1.14% and the Hang Seng TECH Index down 2.04%, while SMIC was flat and Hua Hong Semiconductor rose 1.33%.

Global X China Semiconductor ETF (03191.HK) is a passive ETF under Mirae Asset Global Investments (Hong Kong) tracking the FactSet China Semiconductor Index (Net Total Return). Its constituents are Chinese semiconductor companies listed in Hong Kong, on the mainland and overseas, spanning chip design, wafer fabrication, packaging and testing, and equipment and materials. The product listed on the Hong Kong Stock Exchange on August 7, 2020, with a management fee of 0.68% per year.

Guojin Securities believes the memory upcycle continues, with industry revenue and profit improving sharply: in the first three quarters of 2026 the memory sector generated revenue of RMB490.15 billion, up 393.40% year on year, and net profit attributable to shareholders of RMB183.52 billion, a sharp turnaround from a loss of RMB1.489 billion a year earlier. Third-quarter revenue reached RMB208.16 billion, up 398.25% year on year and 17.27% quarter on quarter, with net profit of RMB69.66 billion. The broker notes that AI computing cluster expansion keeps pulling demand for HBM and enterprise SSDs, with memory makers tilting capacity toward high-value-added products, leaving conventional DRAM and NAND supply tight and prices elevated.