Hang Seng AI ETF (03438) Falls Over 5% on Debut, First Pure Hong Kong AI-Themed ETF

Stock News09-28 13:50

According to Zhitong Finance APP, Hang Seng AI ETF (03438) traded lower on its first day of listing, falling 5.57% to HK$6.61 as of press time, with a turnover of HK$1.425 million.

The Hang Seng AI ETF officially listed on the Hong Kong Stock Exchange on September 28. It is Hong Kong's first pure Hong Kong stock artificial intelligence (AI) themed ETF, designed to track the "Hang Seng Artificial Intelligence Theme Index," reflecting the performance of companies listed on the Main Board of Hong Kong that drive AI development.

Its constituent stocks cover three major themes, including AI infrastructure (such as semiconductors and electronic equipment), AI applications (such as large language models and image recognition), and physical AI (such as autonomous driving and robotics).

Notably, Hong Kong AI hardware stocks collectively declined today. Market analysis suggests that this round of AI sector adjustment stems from pressure on both interest rates and demand. US Treasury yields continue to rise, with the 30-year yield climbing to 5.5% and the 10-year yield to 5.2%. Additionally, OpenAI paused model development for the second time within three months, triggering concerns about an AI slowdown.

Huang Jinfeng, Managing Director and Chief Executive Officer of Hang Seng Investment Management, previously stated that the AI industry changes rapidly and individual stocks are highly volatile. ETFs help investors achieve diversified allocation in the AI sector.

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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Additionally, OpenAI paused model development for the second time within three months, triggering concerns about an AI slowdown.<br><br>Huang Jinfeng, Managing Director and Chief Executive Officer of Hang Seng Investment Management, previously stated that the AI industry changes rapidly and individual stocks are highly volatile. 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Additionally, OpenAI paused model development for the second time within three months, triggering concerns about an AI slowdown.<br><br>Huang Jinfeng, Managing Director and Chief Executive Officer of Hang Seng Investment Management, previously stated that the AI industry changes rapidly and individual stocks are highly volatile. 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