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ETF anomaly | South Harbor Korea Technology (03431) surged over 4%, now included in the Southbound ETF connectivity. Leading technology companies in China and South Korea continue to strengthen.
South Port Korean Technology (03431) increased by over 4%, as of the time of writing, with a 4.03% increase, reaching 10.32 Hong Kong dollars, with a market value of 2.46 billion Hong Kong dollars.
South Port Hong Kong Technology (03431) rose by over 4%, reaching a 4.03% increase at the time of release, with a price of 10.32 Hong Kong dollars and a market value of 2.46 billion Hong Kong dollars. On the news front, on May 6th, the list of Southbound ETF names welcomed a new round of expansion, with 8 new ETFs including South Port Hong Kong Technology being added to the ETF list. It is reported that the ETF tracks the index FTSE ETF Hong Kong Korea Technology+ (net total return version), which covers Hong Kong-listed technology stocks eligible for stock connect, as well as leading technology stocks in the Korean market. The top 20 index constituents include SK Hynix, Samsung Electronics, SK Square, Alibaba, SMIC, Tencent, Hua Hong Semiconductor, and other leading technology companies in China and Korea benefiting greatly from the AI trend. Of note, on May 6th, the Korean stock market continued to rise, with the Korean KOSPI Index surging by 7% in the afternoon to reach 7426.6 points, setting a new historical high and expanding its year-to-date gain to over 75%, continuing to lead the global market. The semiconductor sector saw significant gains, with Samsung Electronics posting a surge of up to 16% and SK Hynix up by over 10%, both setting new historical highs.
ETF abnormality | Samsung Global Semiconductor (03132) rises more than 7%, AMD raises CPU market size expectations, institutions expect industry price hikes to last throughout the year.
ETF abnormal | E Fund FTSE Asia Semiconductor ETF (03486) rises more than 8% to a new high, global semiconductor industry remains strong
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