Media365
Hutai-PineBridge CSI KRX China-Korea Semiconductor ETF, which invests in Chinese and South Korean chipmakers, was suspended from trading for an hour on the Shanghai Stock Exchange on Thursday, citing the risk of outsize gains. Meanwhile, Invesco Great Wall Global Semiconductor Chips Industry Equity Fund also paused dealing for an hour on the Shanghai bourse for a similar reason.
“On top of the changes of net asset values, the fund’s trading price is also subjected to other factors such as the supply-demand relationships on the market, systemic risks and liquidity risks, which all could incur losses for investors,” said Huatai-PB Investments, the money manager of the China-Korea semiconductor ETF, in a statement filed with the exchange. “Investors should watch out for the premium risk from trading on the secondary market.”
The China-Korea semiconductor ETF rose 1.7 per cent to 6.237 yuan in Shanghai after the trading halt, leaving it trading at a 33 per cent premium to its net asset value after an upsurge of 142 per cent this year. The Invesco Great Wall fund slumped 3.1 per cent to 4.289 yuan, narrowing such gap to 41 per cent and paring its gains to 115 per cent in 2026.
The China-Korea chip fund counts Samsung Electronics and Hynix as its biggest holdings, making up 16.5 per cent and 15.6 per cent of the total values, respectively. Chinese AI chipmaker Cambricon Technologies at 8 per cent and Semiconductor Manufacturing International Corp at 6.9 per cent are ranked third and fourth.
