ETF Update: E Fund Asia Semiconductor ETF (03486) Surges Over 5% to New Highs Amid Surging Chip Stocks Driven by AI Computing Demand

Stock News
May 27

E Fund Asia Semiconductor ETF (03486) rose more than 5% during the morning session, reaching a high of HK$23.78, marking a new record since its listing. Notably, driven by sustained high global semiconductor industry momentum and a surge in AI computing demand, this ETF has accumulated gains exceeding 50% since its listing on March 26. As of the latest update, it is up 4.35%, trading at HK$23.52 with a turnover of HK$15.6334 million.

In related developments, global chip stocks have surged due to the explosion in AI computing demand. On May 27, major semiconductor companies in Japan and South Korea saw significant gains across the board. SK Hynix briefly soared over 11%, with its market capitalization surpassing the $1 trillion mark, making it the third company in Asia to achieve this milestone. Overnight, the U.S. chip sector also experienced a historic rally, with Micron Technology surging over 19% and its market capitalization exceeding $1 trillion for the first time.

E Fund Asia Semiconductor ETF closely tracks the Solactive Asia Semiconductor Select Index, which includes leading Asian semiconductor companies such as SK Hynix, Hua Hong Semiconductor, TSMC, SMIC, and Tokyo Electron. The ETF comprehensively covers high-growth segments including AI computing, semiconductor equipment, and memory chips.

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.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10