ChinaAMC HK-US AI ETF (03140.HK) Down 1.55% as Hong Kong Tech Retreats

NewTimeSpace News: As of 14:12 on November 12, ChinaAMC HK-US AI ETF (03140.HK) fell 1.55% to a latest price of HK$6.675. The ETF has so far traded 78,200 units today, with turnover of HK$527,485 and an average price of HK$6.745; its turnover rate is 0.095%. It has fallen 0.37% week to date. The net asset value per unit is HK$6.8268, and assets under management stand at HK$564.8 million. (Note: NAV and AUM are as of November 11; the week-to-date change is based on the close of HK$6.700 on November 6, the last trading day of the prior week; the last trade today was at 14:12, after which the price is a market quotation; the price trades at a discount of about 2.22% to NAV.)

Hong Kong and US markets diverged on November 12. Overnight on November 11, US artificial intelligence shares rebounded: the S&P 500 rose 1.3%, the Nasdaq 100 gained 2.3% and the Philadelphia Semiconductor Index climbed 5.7%, with information technology leading at 2.7% as memory and AI hardware names outperformed; large cloud providers lagged, with Amazon down 1.7% and both Microsoft and Meta lower. Hong Kong weakened on November 12, with the Hang Seng Index down 1.14% and the Hang Seng TECH Index down 2.04% at 14:00 as heavyweight internet and auto shares came under pressure, while southbound funds bought a net HK$4.572 billion on November 11. Mainland markets also fell, with the ChiNext Index down 1.79% and the Shanghai Composite down 0.59%. The ETF was admitted to ETF Connect (Stock Connect) from November 9; its volume peaked at 1.6489 million units on November 10, eased to 141,600 on November 11 and stood at 78,200 today, while the price fell from the November 10 close of HK$6.800 to HK$6.675.

ChinaAMC HK-US AI ETF (03140.HK) is a passive ETF under ChinaAMC (Hong Kong) tracking the Solactive HK-US AI 50 Select Index (Net Total Return). Its constituents are artificial intelligence companies listed in Hong Kong and the United States, capped at 30 Hong Kong and 20 US names, spanning AI hardware, software and applications. The product listed on the Hong Kong Stock Exchange on March 18, 2026, with a management fee of 0.90% per year and a board lot of 100 units.

Xu Guanghong, chief overseas strategist at CITIC Securities, argues that insufficient AI exposure is one reason the Hang Seng TECH Index has lagged many emerging-market benchmarks this year; if offshore AI applications gain traction in tandem with domestic AI chip localisation, opportunities in Hong Kong tech could spread from traditional internet platforms to computing hardware, AI software and applications, and embodied intelligence. The brokerage expects Hong Kong equities to trend higher with volatility in 2027, with the first half dependent on earnings delivery and the second half potentially seeing valuation expansion as liquidity improves.