HK shares ETFs Daily Report: ChinaAMC Innovative Drugs Leads Gains; Biotech and Semiconductors Strengthen, Hang Seng TECH Retreats — September 29, 2026
- Biotech and semiconductor themes led the gains, with ChinaAMC Innovative Drugs (3525.HK) rising 1.80% to top the list; four of the top ten gainers were biotech or healthcare-related products.
- Hang Seng TECH and digital technology themes retreated, with E Fund (HK) Digital Technology (3434.HK) falling 1.72% to lead the declines, and India and blockchain themes weakened in tandem.
- Among Southbound (Stock Connect) ETFs, biotech products led the gains while Hang Seng TECH-themed products saw the steepest declines, with the Hang Seng TECH Index ETF (3032.HK) falling 1.35% to lead the losers.
On September 29, 2026, the Hong Kong ETF market showed a pattern of intra-growth rotation. Biotech and healthcare themes led the advances, with semiconductor and STAR 50 themes strengthening in tandem. On the downside, Hang Seng TECH and digital technology themes pulled back, while India, blockchain and Taiwan themes also declined. Among Southbound (Stock Connect) ETFs, biotech products led the gains and Hang Seng TECH-themed products posted the largest declines.
The leading advancers concentrated in biotech and healthcare themes. ChinaAMC Innovative Drugs (3525.HK), managed by China Asset Management (Hong Kong), rose 1.80% to top the gainers; CSOP Hang Seng Biotech ETF (3174.HK), managed by CSOP Asset Management, gained 1.21%; Global X China Biotech ETF (2820.HK), managed by Mirae Asset, added 1.13%, tracking the Solactive China Biotech Index; and ChinaAMC Hang Seng Biotech ETF (3069.HK), also managed by China Asset Management (Hong Kong), rose 1.00%.
Semiconductor and STAR 50 themes strengthened in tandem. Huatai-PCG HKEX KRX Semiconductor Index ETF (3569.HK), managed by Huatai-PCG Asset Management, rose 1.72% after posting a 5.63% decline on September 28 that placed it among the day's top losers; E Fund (HK) Solactive Asia Semiconductor Select Index ETF (3486.HK), managed by E Fund Management (Hong Kong), gained 1.40% following a 3.94% drop on September 28; Premia China STAR50 ETF (3151.HK), managed by Premia Partners, added 1.27%; and CSOP STAR 50 Index ETF (3109.HK), managed by CSOP Asset Management, rose 1.12%, with both tracking the STAR 50 Index.
In addition, Guotai Haitong Global Strategic Resources ETF (3197.HK), managed by Haitong International Asset Management (Hong Kong), rose 1.00%, tracking the CCXI Global Strategic Resources Index; and CSOP KOSPI 200 Covered Call Active ETF (3537.HK), managed by CSOP Asset Management, gained 0.97%.
|
Hong Kong Equity ETFs — Top 10 Gainers |
|||||
|
Rank |
Code |
Name |
Change (%) |
Underlying Index |
Manager |
|
1 |
3525.HK |
ChinaAMC Innovative Drugs |
1.80 |
— |
China Asset Management (Hong Kong) Limited |
|
2 |
3569.HK |
Huatai-PCG HKEX KRX Semiconductor |
1.72 |
— |
Huatai-PCG Asset Management Limited |
|
3 |
3486.HK |
E Fund (HK) Asia Semiconductor |
1.40 |
— |
E Fund Management (Hong Kong) Co., Limited |
|
4 |
3151.HK |
Premia China STAR50 |
1.27 |
STAR 50 Index |
Premia Partners Company Limited |
|
5 |
3174.HK |
CSOP Hang Seng Biotech |
1.21 |
Hang Seng Hong Kong-Listed Biotech Index |
CSOP Asset Management Limited |
|
6 |
2820.HK |
Global X China Biotech |
1.13 |
Solactive China Biotech Index (Net Total Return) |
Mirae Asset Global Investments (Hong Kong) Limited |
|
7 |
3109.HK |
CSOP STAR 50 |
1.12 |
STAR 50 Index |
CSOP Asset Management Limited |
|
8 |
3197.HK |
Guotai Haitong Global Strategic Resources |
1.00 |
CCXI Global Strategic Resources Index (HKD Net Total Return) |
Haitong International Asset Management (Hong Kong) Limited |
|
9 |
3069.HK |
ChinaAMC Hang Seng Biotech |
1.00 |
Hang Seng Hong Kong-Listed Biotech Index |
China Asset Management (Hong Kong) Limited |
|
10 |
3537.HK |
CSOP KOSPI 200 Covered Call |
0.97 |
— |
CSOP Asset Management Limited |
|
Source/Compilation: Wind / NewTimeSpace, as of the close on September 29, 2026. |
|||||
On the downside, digital technology and innovative finance themes led the declines. E Fund (HK) Wind Digital Technology Index ETF (3434.HK), managed by E Fund Management (Hong Kong), fell 1.72% as the day's worst performer, tracking the Wind Digital Technology Net Total Return Index (HKD); and Global X Innovative Finance ETF (3185.HK), managed by Mirae Asset, dropped 1.70%—this ETF had topped the gainers on September 21 with a 5.79% advance.
Hang Seng TECH-themed products broadly retreated. The Hang Seng TECH Index ETF (3032.HK), managed by Hang Seng Investment Management, fell 1.35%; and CMS Hang Seng Tech Index ETF (3423.HK), managed by CMS Asset Management (HK), declined 1.30%.
Asia and India themes weakened. Global X Emerging Markets Asia Active ETF (3104.HK), managed by Mirae Asset, fell 1.55%; Xtrackers Nifty 50 India Swap UCITS ETF (3015.HK), managed by DWS Investment S.A., dropped 1.53%, tracking the NIFTY 50 Index; and Global X India Sector Leader Active ETF (3084.HK), managed by Mirae Asset, declined 1.31%.
Blockchain and Taiwan themes also declined. Samsung Blockchain Technologies ETF (3171.HK), managed by Samsung Asset Management (Hong Kong), fell 1.45%; and Premia FTSE TWSE Taiwan 50 ETF (3453.HK), managed by Premia Partners, dropped 1.28%, tracking the FTSE TWSE Taiwan 50 30% Capped Index. In addition, Harvest Tech 50 ETF (3169.HK), managed by Harvest Global Investments, fell 1.30%.
|
Hong Kong Equity ETFs — Top 10 Losers |
|||||
|
Rank |
Code |
Name |
Change (%) |
Underlying Index |
Manager |
|
1 |
3434.HK |
E Fund (HK) Digital Technology |
-1.72 |
Wind Digital Technology Net Total Return Index (HKD) |
E Fund Management (Hong Kong) Co., Limited |
|
2 |
3185.HK |
Global X Innovative Finance |
-1.70 |
Indxx Global NextGen Finance Index (net total return) |
Mirae Asset Global Investments (Hong Kong) Limited |
|
3 |
3104.HK |
Global X Emerging Markets Asia |
-1.55 |
— |
Mirae Asset Global Investments (Hong Kong) Limited |
|
4 |
3015.HK |
Xtrackers Nifty 50 India Swap |
-1.53 |
NIFTY 50 |
DWS Investment S.A. |
|
5 |
3171.HK |
Samsung Blockchain Technologies |
-1.45 |
Nasdaq Blockchain Economy Index |
Samsung Asset Management (Hong Kong) Limited |
|
6 |
3032.HK |
Hang Seng TECH Index |
-1.35 |
Hang Seng TECH Index |
Hang Seng Investment Management Limited |
|
7 |
3084.HK |
Global X India Sector Leader |
-1.31 |
— |
Mirae Asset Global Investments (Hong Kong) Limited |
|
8 |
3423.HK |
CMS Hang Seng Tech |
-1.30 |
Hang Seng TECH Index |
CMS Asset Management (HK) Co., Limited |
|
9 |
3169.HK |
Harvest Tech 50 |
-1.30 |
— |
Harvest Global Investments Limited |
|
10 |
3453.HK |
Premia FTSE TWSE Taiwan 50 |
-1.28 |
FTSE TWSE Taiwan 50 30% Capped Index |
Premia Partners Company Limited |
|
Source/Compilation: Wind / NewTimeSpace, as of the close on September 29, 2026. |
|||||
Among Southbound (Stock Connect) ETFs, the top five gainers were: CSOP Hang Seng Biotech ETF (3174.HK), up 1.21% to lead; ChinaAMC Hang Seng Biotech ETF (3069.HK), up 1.00%; E Fund (HK) FTSE AI Select Index ETF (3489.HK), up 0.46%; CSOP FTSE HK-Korea Tech+ Index ETF (3431.HK), up 0.39%; and CSOP Hang Seng Stock Connect High Dividend ETF (3469.HK), which closed flat.
The top five losers were: the Hang Seng TECH Index ETF (3032.HK), down 1.35% to lead; CMS Hang Seng Tech Index ETF (3423.HK), down 1.30%; iShares Hang Seng Tech ETF (3067.HK), down 1.27%; CSOP Hang Seng Tech Index ETF (3033.HK), down 1.24%; and CSOP Hang Seng HK-US TECH ETF (3442.HK), down 1.21%.
Within Southbound ETFs, biotech products led the gains and Hang Seng TECH-themed products posted the largest declines, broadly consistent with the overall market's price direction on the day.
|
Southbound (Stock Connect) ETFs — Gainers and Losers |
|||||
|
Rank |
Code |
Name |
Change |
Underlying Index |
Manager |
|
Gain 1 |
3174.HK |
CSOP Hang Seng Biotech |
1.21 |
Hang Seng Hong Kong-Listed Biotech Index |
CSOP Asset Management Limited |
|
Gain 2 |
3069.HK |
ChinaAMC Hang Seng Biotech |
1.00 |
Hang Seng Hong Kong-Listed Biotech Index |
China Asset Management (Hong Kong) Limited |
|
Gain 3 |
3489.HK |
E Fund (HK) AI Select |
0.46 |
FTSE Global AI Select Net Total Return Index (HKD) |
E Fund Management (Hong Kong) Co., Limited |
|
Gain 4 |
3431.HK |
CSOP FTSE HK-Korea Tech+ |
0.39 |
FTSE ETF Connect Hong Kong Korea Tech+ Index (net total return version) |
CSOP Asset Management Limited |
|
Gain 5 |
3469.HK |
CSOP Hang Seng Stock Connect High Dividend |
0.00 |
Hang Seng Stock Connect High Dividend Low Volatility Index |
CSOP Asset Management Limited |
|
Loss 5 |
3442.HK |
CSOP Hang Seng HK-US TECH |
-1.21 |
Hang Seng HK-US Technology Index |
CSOP Asset Management Limited |
|
Loss 4 |
3033.HK |
CSOP Hang Seng Tech |
-1.24 |
Hang Seng TECH Index |
CSOP Asset Management Limited |
|
Loss 3 |
3067.HK |
iShares Hang Seng Tech |
-1.27 |
Hang Seng TECH Index (net total return version) |
BlackRock Asset Management North Asia Limited |
|
Loss 2 |
3423.HK |
CMS Hang Seng Tech |
-1.30 |
Hang Seng TECH Index |
CMS Asset Management (HK) Co., Limited |
|
Loss 1 |
3032.HK |
Hang Seng TECH Index |
-1.35 |
Hang Seng TECH Index |
Hang Seng Investment Management Limited |
|
Source/Compilation: Wind / NewTimeSpace, as of the close on September 29, 2026. |
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Data from NewTimeSpace Research Institute shows the market direction reversed overall versus the prior trading day. The dividend and high-yield products that led gains on September 28 did not appear among the top gainers on the day; the gainers list was instead dominated by biotech, semiconductor and STAR 50 themes. The semiconductor themes that posted the steepest declines on September 28 rebounded on the day, with Huatai-PCG HKEX KRX Semiconductor Index ETF and E Fund (HK) Solactive Asia Semiconductor Select Index ETF swinging from -5.63% and -3.94% the previous day to gains of 1.72% and 1.40%, respectively. On the downside, the focus shifted from ChiNext and 5G to Hang Seng TECH and digital technology, with the Hang Seng TECH Index ETF and CMS Hang Seng Tech Index ETF among the leading decliners. On the Southbound side, biotech led the gains and Hang Seng TECH led the declines, broadly in line with the overall market direction.
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