🔴 China Semiconductor ETF (3191.HK) is trading 3.1% down as October 28 chip rally fades

3191.HK is trading at HK$63.36, down 3.06%, in a pullback following the October 28 semiconductor rally.

• The rally was fueled by record SK Hynix earnings and strong AI-memory demand.
• SK Hynix reported record quarterly profit and revenue; its upbeat outlook helped lift Asian technology stocks.
• Available reporting supports a sector catalyst behind the prior rally but does not establish a new negative semiconductor-specific catalyst for the October 29 decline.