Financial Wire

HKEX Unveils New Tech Indices Spanning Hong Kong, US, Korea

-- Hong Kong Exchanges and Clearing (HKG:0388) launched two technology-focused indices spanning Hong Kong, the U.S., and South Korea, according to a Monday press release.

The HKEX KRX Semiconductor Index tracks Hong Kong-listed chip firms eligible for Southbound Stock Connect alongside leading South Korean semiconductor companies.

The HKEX Tech & US Tech 100 Index combines constituents of the HKEX Tech 100 Index with the 100 largest Nasdaq-listed technology companies by market capitalisation.

The exchange said the benchmarks are designed to enable cross-market exposure and support ETF development.

HKEX also signed agreements with Bosera Asset Management (International), Da Cheng International Asset Management, E Fund Management (Hong Kong), GF International Investment Management, and Huatai-PCG Asset Management to launch ETFs tracking the indexes.

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