🔴 Asia Semiconductor ETF (3119.HK) is trading 4.55% down as Alphabet results renew doubts over AI returns

3119.HK is trading at HK$152.00, down 4.55%, as Alphabet’s results renewed doubts about returns on AI spending.

• Asian chip stocks fell, and the KOSPI dropped sharply on October 30.
• Pressure on major holdings Samsung Electronics and SK Hynix amplified the sector move; they fell 4.09% and 7.01%, respectively, in Korean trading.
• The companies represented 15.41% and 13.34% of ETF net assets, respectively, as of October 28.