HKEX launches AI and semiconductor indexes, licenses AI index in China

Oct 23 (Reuters) Hong Kong Exchanges and Clearing (HKEX) on Friday launched two new ​indexes covering AI and ‌semiconductor companies, and signed a licensing deal with China Southern Asset Management for exchange-traded funds (ETFs) ‌based ​on the ⁠AI index in ⁠mainland China. Here are the details: • The HKEX Artificial Intelligence Index tracks 40 Hong Kong-listed ​companies with high exposure to the AI value ⁠chain • The index ⁠covers five layers ​of the AI ecosystem: chip ​design, data centers, AI infrastructure, ‌AI models, and software and physical applications • The HKEX Semiconductor Index tracks the ⁠30 largest semiconductor-related companies listed in Hong Kong • It covers semiconductor manufacturing, ⁠equipment, ‌electronic components, computing ⁠hardware and storage • Constituents ​are ‌chosen under a ​methodology that ⁠favors companies with significant AI-related research and development and capital spending (Reporting by Shravya Marakini in Bengaluru; Editing by ​Tasim