3160.HK Flash: Kioxia surpasses Toyota to become Japan's most valuable company by market cap

On June 12, according to The Nikkei, Kioxia Holdings' stock surged 8% on Wednesday (June 10) on the Tokyo Stock Exchange, pushing its market capitalization above ¥44 trillion and surpassing Toyota Motor.

This marks a significant shift in the weighting structure of Japan’s capital markets—technology and semiconductors are poised to replace traditional manufacturing as the new anchor for market valuations.

China AMC MSCI Japan Equity ETF (3160 HK): Asia’s first USD-hedged Japan equity ETF, designed to reduce the impact of currency fluctuations and track Japanese equity performance [1]

The China AMC MSCI Japan Equity ETF (3160 HK) is Asia’s first USD-denominated, USD-hedged Japan equity ETF. The fund sells JPY forward contracts to hedge against JPY/USD exchange rate risk, aiming to reduce the impact of currency volatility on fund returns and help investors capture potential gains from the Japanese equity market while mitigating uncertainty from currency movements.

Source: China AMC (HK), June 11, 2026. All weightings in the table are expressed as percentages (%).

$Murata Manufacturing (6981.JP)$$Kioxia Holdings (285A.JP)$$Renesas Electronics (6723.JP)$$SoftBank Group (9984.JP)$$Tokyo Electron (8035.JP)$$Fujitsu (6702.JP)$$Keyence (6861.JP)$$Advantest (6857.JP)$$Disco (6146.JP)$$Fujikura (5803.JP)$$Nikkei 225 (.N225.JP)$$ChinaAMC CSI 300 Index ETF (03188.HK)$$SSE Composite Index (000001.SH)$$XIAOMI-W (01810.HK)$$JD.com (JD.US)$$TENCENT (00700.HK)$$Shenzhen Component Index (399001.SZ)$$Kweichow Moutai (600519.SH)$$Contemporary Amperex Technology (300750.SZ)$$PING AN (02318.HK)$$Alibaba (BABA.US)$$ICBC (01398.HK)$$CHINA MOBILE (00941.HK)$$Micron Technology (MU.US)$$SanDisk (SNDK.US)$

Source:

1. Wall Street Journal, June 12, 2026,https://wallstreetcn.com/livenews/3118630

[1] Data sourced from China AMC (HK) and Bloomberg, as of June 12, 2026.

Important Information about China AMC MSCI Japan Equity (USD Hedged) ETF

Investments involve risks, including the loss of principal. Past performance is not indicative of future results. Before investing in China AMC MSCI Japan Equity (USD Hedged) ETF (the “Fund”), investors should refer to the offering documents, including a thorough review of the risk factors. You should not rely solely on this information to make investment decisions. Please note:

• The Fund seeks to deliver investment results that, before fees and expenses, closely correspond to the performance of the MSCI Japan Equity Index (100% USD hedged).

• The Fund primarily invests in Japanese equities and is subject to concentration risk due to its focus on a single country (Japan). Concentrated investments are generally more volatile than diversified investments and are more susceptible to adverse developments in Japan, which may cause greater fluctuations in the Fund’s value.

• The Fund uses currency forward contracts for hedging purposes. While this approach aims to minimize the impact of currency fluctuations on the Fund’s returns, the Fund remains exposed to hedging costs, as well as risks associated with derivatives and over-the-counter (OTC) transactions.

• The trading price of the Fund may trade at a significant premium or discount relative to its net asset value per unit.

• The Fund is exposed to tracking error risk.

• The Fund is exposed to risks associated with financial derivative instruments, including counterparty/credit risk, liquidity risk, valuation risk, volatility risk, and over-the-counter (OTC) trading risk.

• The Fund is subject to foreign exchange risk.

• Listed and unlisted share classes follow different pricing and trading arrangements. Due to differences in fees and expenses, the net asset value (NAV) per unit may differ between each share class.

• Units of the listed share class are traded on the secondary market at prevailing market prices, whereas units of the unlisted share class are sold through intermediaries based on the end-of-day NAV calculated as of the close of business on the dealing day. Investors in the unlisted share class may redeem their units at NAV, while investors in the listed share class on the secondary market can only sell at prevailing market prices and may have to exit the fund at a significant discount. Investors in the unlisted share class may be at an advantage or disadvantage compared to those in the listed share class.

• The fund may, at its discretion, pay dividends out of capital or effectively out of capital. Any distribution paid out of capital or effectively out of capital represents a return or withdrawal of part of the unitholder’s original investment or any capital gains attributable to that original investment. Any such distribution may result in an immediate reduction in the fund’s net asset value per unit.

Investing involves risks, including the possible loss of principal. Any forecasts, outlooks, or opinions contained herein are for your reference only and are not guaranteed to materialize. The information provided reflects market conditions and our views as of the date of publication, which are subject to change without notice. This document is issued by China AMC (HK) Limited. This material has not been reviewed by the Securities and Futures Commission of Hong Kong. For full details and risk factors regarding the funds mentioned herein, please refer to our official website and the fund offering documents.

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