Movement Alert｜CSOP Hang Seng TECH ETF Rises 3.11% in Regular Trading, Hang Seng Tech Index Surges Over 3% as Major Tech Stocks Rally

Market Focus

Jun 29

On June 29, CSOP Hang Seng TECH ETF rose 3.11% in regular trading, trading at 4.306 HKD/share, with turnover of HKD 2.699 billion.

On the news front, the Hang Seng Tech Index expanded its gains to over 3% during the session, with heavyweight technology stocks rallying broadly. Among index constituents, Horizon Robotics surged over 10%, Baidu and Meituan gained over 5%, while Ctrip, NetEase, Bilibili, and JD.com rose over 3%. Alibaba, Xiaomi, and Tencent also posted gains.

The Hang Seng Tech Index had undergone continuous correction since early June, with a notable rebound on June 24. Institutions noted that valuations are currently at relatively reasonable levels, and improving market sentiment at the margin is driving capital inflows back into the sector. As an ETF product tracking the Hang Seng Tech Index, CSOP Hang Seng TECH ETF rose in tandem with its underlying benchmark.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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