HKEX LAUNCHES ARTIFICIAL INTELLIGENCE AND SEMICONDUCTOR INDICES

What happened: HKEX launched the HKEX Artificial Intelligence Index and the HKEX Semiconductor Index, and signed a licensing agreement with Southern Asset Management for ETFs based on the AI index in the Chinese Mainland. Key numbers: AI Index tracks 40 Hong Kong-listed companies; Semiconductor Index tracks the 30 largest semiconductor-related companies Why it matters: HKEX said the launch expands its proprietary index suite and coverage of emerging technology themes, while the Southern Asset Management deal gives mainland investors an index-based tool for Hong Kong's AI value chain. Coverage: 3 outlets in 24h

HKEX launched the HKEX Artificial Intelligence Index and the HKEX Semiconductor Index, and signed a licensing agreement with Southern Asset Management for ETFs based on the AI index in the Chinese Mainland.

HKEX said the launch expands its proprietary index suite and coverage of emerging technology themes, while the Southern Asset Management deal gives mainland investors an index-based tool for Hong Kong's AI value chain.