CSOP Hang Seng Tech Index ETF (3033), Hong Kong’s first exchange-traded fund that tracks the tech index, gained by 1.5 percent on debut to HK$7.615 per unit, while a group of investors lost 60 percent buying the units at HK$20. The ETF once surged by 1.67 times in the pre-opening session from its offer price of HK$7.5 per unit. The group of retail investors made their offer on Valuable Capital’s platform under mainland Sina Corporation, local media reported. The Hang Seng Tech Index hit a record high of 7,745 points before paring the gains to close at 7,580 points today. The investment house reminded investors to pay attention to price fluctuations of newly-listed securities and make investment decisions based on the net asset value.

Source: The Standard August 28, 2020 09:12 UTC