HK shares ETFs Daily Report: CSOP STAR 50 Index ETF Leads with a 6.36% Drop as Tech-Growth Themes Pull Back Across the Board — October 12, 2026

NewTimeSpace · 2026/10/12 16:50 · By Zeyu Wu

On October 12, 2026, the Hong Kong ETF market showed a clearly divergent pattern between gainers and losers. Technology and growth themes — spanning ChiNext, STAR 50, semiconductors, Hang Seng TECH, 5G communications and Korea-tech — pulled back across the board, with CSOP STAR 50 Index ETF (3109.HK) falling 6.36% to lead all decliners. On the upside, resources, India, blockchain, AI-infrastructure, Taiwan semiconductor and Hong Kong dividend themes advanced, led by Global X Copper Miners ETF (3014.HK), up 1.95%. Among Southbound (Stock Connect) ETFs, dividend and Hong Kong/China broad-based products led the gains, while Hang Seng TECH and AI-themed products posted the steepest declines.

Key Highlights:

Tech-growth themes retreated across the board, with CSOP STAR 50 Index ETF (3109.HK) down 6.36% to top the losers; leveraged ChiNext and Korea/semiconductor products also featured among the steepest decliners.
Gainers were led by non-tech themes: Global X Copper Miners ETF (3014.HK) rose 1.95%, followed by ChinaAMC MSCI India ETF (3404.HK, +1.87%) and Samsung Blockchain Technologies ETF (3171.HK, +1.72%).
Among Southbound (Stock Connect) ETFs, dividend and broad-based Hong Kong/China products gained while Hang Seng TECH and AI-themed products led the declines, with CSOP FTSE HK-Korea Tech+ Index ETF (3431.HK) down 2.51%.

On October 12, 2026, the Hong Kong ETF market exhibited a clearly divergent pattern between gainers and losers. Technology and growth themes — spanning ChiNext, STAR 50, semiconductors, Hang Seng TECH, 5G communications and Korea-tech — pulled back broadly, while resources, India, blockchain, AI infrastructure, Taiwan semiconductors and Hong Kong dividend products advanced. Among Southbound (Stock Connect) ETFs, dividend and broad-based Hong Kong/China products led the gains, whereas Hang Seng TECH and AI-themed products recorded the largest declines.

The leading advancers were concentrated in non-tech and value/theme areas. Global X Copper Miners ETF (3014.HK), managed by Mirae Asset, rose 1.95% to top the list, tracking the Solactive Copper Miners Index; ChinaAMC MSCI India ETF (3404.HK), managed by China Asset Management (Hong Kong), gained 1.87%; Samsung Blockchain Technologies ETF (3171.HK), managed by Samsung Asset Management (Hong Kong), added 1.72%; and Global X AI Infrastructure ETF (3401.HK), managed by Mirae Asset, advanced 1.44%.

India and regional themes also featured. Global X India Select Top 10 ETF (3184.HK), managed by Mirae Asset, rose 1.28%; Fubon ICE FactSet Taiwan Core Semiconductor Index ETF (3076.HK), managed by Fubon Asset Management (Hong Kong), gained 1.15%; Ping An of China CSI HK Dividend ETF (3070.HK), managed by Ping An of China Asset Management (Hong Kong), added 1.14%; Global X China Life Franklin HK-US Equity Select ETF (3428.HK), managed by Mirae Asset, rose 1.13%; iShares Core MSCI Asia ex Japan ETF (3010.HK), managed by BlackRock, advanced 1.09%; and CSOP FTSE Vietnam 30 ETF (3004.HK), managed by CSOP Asset Management, closed up 0.97%.

Hong Kong Equity ETFs — Top 10 Gainers (October 12, 2026)
Rank	Code	Name	Change (%)	Underlying Index	Manager
1	03014.HK	Global X Copper Miners ETF	1.95	Solactive Copper Miners Index (Net Total Return)	Mirae Asset Global Investments (Hong Kong) Limited
2	03404.HK	ChinaAMC MSCI India ETF	1.87	MSCI India Net Total Return (USD)	China Asset Management (Hong Kong) Limited
3	03171.HK	Samsung Blockchain Technologies ETF	1.72	Nasdaq Blockchain Economy Index	Samsung Asset Management (Hong Kong) Limited
4	03401.HK	Global X AI Infrastructure ETF	1.44	Mirae Asset AI Infrastructure V2 Index	Mirae Asset Global Investments (Hong Kong) Limited
5	03184.HK	Global X India Select Top 10 ETF	1.28	Mirae Asset India Select Top 10 Index	Mirae Asset Global Investments (Hong Kong) Limited
6	03076.HK	Fubon ICE FactSet Taiwan Core Semiconductor Index ETF	1.15	ICE FactSet Taiwan Core Semiconductor Index	Fubon Asset Management (Hong Kong) Co., Limited
7	03070.HK	Ping An of China CSI HK Dividend ETF	1.14	CSI Hong Kong Dividend Index	Ping An of China Asset Management (Hong Kong) Company Limited
8	03428.HK	Global X China Life Franklin HK-US Equity Select ETF	1.13	CSI Select Market Moderate Index	Mirae Asset Global Investments (Hong Kong) Limited
9	03010.HK	iShares Core MSCI Asia ex Japan ETF	1.09	MSCI All Country Asia ex Japan Index	BlackRock Asset Management North Asia Limited
10	03004.HK	CSOP FTSE Vietnam 30 ETF	0.97	FTSE Vietnam 30 Price Index	CSOP Asset Management Limited
Source/Compilation: Wind / NewTimeSpace, as of the close on October 12, 2026. Coverage: HKD-denominated equity ETFs listed in Hong Kong only.

Technology and growth themes led the declines. CSOP STAR 50 Index ETF (3109.HK), managed by CSOP Asset Management, fell 6.36% to lead all Hong Kong equity ETFs lower, tracking the STAR 50 Index; Bosera SZSE ChiNext Daily (2x) Leveraged Product (7234.HK), managed by Bosera Asset Management (International), dropped 5.14%; and CSOP KOSPI 200 Covered Call Active ETF (3537.HK), managed by CSOP Asset Management, declined 4.23%.

5G and semiconductor themes also weakened. CSOP Yinhua CSI 5G Communications Theme ETF (3193.HK), managed by CSOP Asset Management, fell 3.31%, tracking the CSI 5G Communications Theme Index; Huatai-PCG HKEX KRX Semiconductor Index ETF (3569.HK), managed by Huatai-PCG Asset Management, dropped 3.03%; and Bosera HKEX KRX Semiconductor Index ETF (3516.HK), managed by Bosera Asset Management (International), declined 2.89%, both tracking the HKEX KRX Semiconductor Index.

Korea-tech and ChiNext products rounded out the losers. Global X China Core TECH ETF (3448.HK), managed by Mirae Asset, fell 2.81%; Global X China Semiconductor ETF (3191.HK), managed by Mirae Asset, dropped 2.71%; CSOP FTSE HK-Korea Tech+ Index ETF (3431.HK), managed by CSOP Asset Management, declined 2.51%; and CSOP SZSE ChiNext ETF (3147.HK), managed by CSOP Asset Management, fell 2.42%, tracking the ChiNext Index.

Hong Kong Equity ETFs — Top 10 Losers (October 12, 2026)
Rank	Code	Name	Change (%)	Underlying Index	Manager
1	03109.HK	CSOP STAR 50 Index ETF	-6.36	STAR 50 Index	CSOP Asset Management Limited
2	07234.HK	Bosera SZSE ChiNext Daily (2x) Leveraged Product	-5.14	SZSE ChiNext Index	Bosera Asset Management (International) Co., Limited
3	03537.HK	CSOP KOSPI 200 Covered Call Active ETF	-4.23	KOSPI 200 Index	CSOP Asset Management Limited
4	03193.HK	CSOP Yinhua CSI 5G Communications Theme ETF	-3.31	CSI 5G Communications Theme Index	CSOP Asset Management Limited
5	03569.HK	Huatai-PCG HKEX KRX Semiconductor Index ETF	-3.03	HKEX KRX Semiconductor Index	Huatai-PCG Asset Management Limited
6	03516.HK	Bosera HKEX KRX Semiconductor Index ETF	-2.89	HKEX KRX Semiconductor Index	Bosera Asset Management (International) Co., Limited
7	03448.HK	Global X China Core TECH ETF	-2.81	Mirae Asset China Tech Top 30 Index	Mirae Asset Global Investments (Hong Kong) Limited
8	03191.HK	Global X China Semiconductor ETF	-2.71	FactSet China Semiconductor Index	Mirae Asset Global Investments (Hong Kong) Limited
9	03431.HK	CSOP FTSE HK-Korea Tech+ Index ETF	-2.51	FTSE HK-Korea Tech+ Index (net total return version)	CSOP Asset Management Limited
10	03147.HK	CSOP SZSE ChiNext ETF	-2.42	ChiNext Index	CSOP Asset Management Limited
Source/Compilation: Wind / NewTimeSpace, as of the close on October 12, 2026. Coverage: HKD-denominated equity ETFs listed in Hong Kong only.

Among Southbound (Stock Connect) ETFs, the top five gainers were: Ping An of China CSI HK Dividend ETF (3070.HK), up 1.14% to lead; E Fund (HK) MSCI Asia Pacific Select High Dividend Index ETF (3483.HK), up 0.82%; CSOP FTSE Hong Kong Stock ETF (3443.HK), up 0.68%; Global X MSCI China ETF (3040.HK), up 0.43%; and CSOP Hang Seng Index ETF (3037.HK), up 0.40%.

The top five losers were: iShares Hang Seng Tech ETF (3067.HK), down 0.51%; ChinaAMC Hang Seng Tech Index ETF (3088.HK), down 0.56%; Global X Hang Seng TECH ETF (2837.HK), down 0.58%; E Fund (HK) FTSE AI Select Index ETF (3489.HK), down 1.24%; and CSOP FTSE HK-Korea Tech+ Index ETF (3431.HK), down 2.51% to lead the declines.

Within Southbound ETFs, dividend and broad-based Hong Kong/China products led the gains while Hang Seng TECH and AI-themed products led the declines, broadly in line with the overall market direction on the day.

Southbound (Stock Connect) ETFs — Gainers and Losers (October 12, 2026)
Rank	Code	Name	Change	Underlying Index	Manager
Gain 1	03070.HK	Ping An of China CSI HK Dividend ETF	1.14	CSI Hong Kong Dividend Index	Ping An of China Asset Management (Hong Kong) Company Limited
Gain 2	03483.HK	E Fund (HK) MSCI Asia Pacific Select High Dividend Index ETF	0.82	MSCI AC Asia Pacific Select High Dividend Index	E Fund Management (Hong Kong) Co., Limited
Gain 3	03443.HK	CSOP FTSE Hong Kong Stock ETF	0.68	FTSE Hong Kong Stock Index	CSOP Asset Management Limited
Gain 4	03040.HK	Global X MSCI China ETF	0.43	MSCI China Index	Mirae Asset Global Investments (Hong Kong) Limited
Gain 5	03037.HK	CSOP Hang Seng Index ETF	0.40	Hang Seng Index	CSOP Asset Management Limited
Loss 5	03067.HK	iShares Hang Seng Tech ETF	-0.51	Hang Seng TECH Index (net total return version)	BlackRock Asset Management North Asia Limited
Loss 4	03088.HK	ChinaAMC Hang Seng Tech Index ETF	-0.56	Hang Seng TECH Index	China Asset Management (Hong Kong) Limited
Loss 3	02837.HK	Global X Hang Seng TECH ETF	-0.58	Hang Seng TECH Index	Mirae Asset Global Investments (Hong Kong) Limited
Loss 2	03489.HK	E Fund (HK) FTSE AI Select Index ETF	-1.24	FTSE AI Select Index (HKD, Net Return)	E Fund Management (Hong Kong) Co., Limited
Loss 1	03431.HK	CSOP FTSE HK-Korea Tech+ Index ETF	-2.51	FTSE HK-Korea Tech+ Index (net total return version)	CSOP Asset Management Limited
Source/Compilation: Wind / NewTimeSpace, as of the close on October 12, 2026. Coverage: HKD-denominated equity ETFs listed in Hong Kong only.

Data from NewTimeSpace Research Institute shows a sharp rotation on October 12. After a period of strength, technology and growth themes reversed decisively: CSOP STAR 50 Index ETF dropped 6.36% to lead all Hong Kong equity ETFs lower, with leveraged ChiNext and Korea/semiconductor products also among the steepest decliners, underscoring the elevated sensitivity of leveraged and single-theme growth products to momentum reversals. On the upside, leadership rotated to resources (copper), India, blockchain, AI infrastructure, Taiwan semiconductors and Hong Kong dividend products — a defensive-to-cyclical barbell that sheltered the gainers list from the broad tech sell-off. Southbound flows mirrored the same divide, with dividend and broad-based Hong Kong/China ETFs advancing while Hang Seng TECH and AI-themed products lagged.

Tags：

HK Shares ETFs Daily Report CSOP STAR 50 Index ETF Global X Copper Miners ETF