ETF Moves | Huatai E Fund HK-Korea Semiconductor Index ETF (03569) Falls Over 2% as Korean Stocks Plunge, Tech Sentiment Under Pressure

Stock News
2 hours ago

According to Zhitong Finance APP, the Huatai E Fund HK-Korea Semiconductor Index ETF (03569) dropped more than 2%. As of press time, it fell 2.42% to HK$7.245, with a turnover of HK$331,800.

On the news front, on October 12, South Korea's KOSPI index fell more than 3% intraday, with the two memory chip giants collectively declining. It is reported that trading volume in the South Korean stock market has shrunk by about 70% from its peak in late May this year, foreign investors are withdrawing at one of the fastest paces in Asia, and local retail investors are also gradually exiting.

The Huatai E Fund HK-Korea Semiconductor Index ETF was officially listed on September 28. The ETF tracks the Hong Kong Exchanges and Korea Exchange Semiconductor Index, in which Hong Kong-listed companies eligible for Stock Connect account for about 60% of the weight, while Korea Exchange-listed companies account for about 40%, making it a "60/40" ETF product that is currently attracting significant market attention.

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