HK shares ETFs Daily Report: CSOP STAR 50 Index ETF Leads with a 4.56% Gain as Korean Themes Plunge Across the Board — October 13, 2026

On October 13, 2026, the Hong Kong ETF market exhibited a two-pole divergent pattern. The upside was dispersed across STAR 50, India, gold miners, dividend and other themes, with CSOP STAR 50 Index ETF (3109.HK) rising 4.56% to top the gainers, while all other products posted gains within 1.7%. On the downside, Korean themes plunged across the board; Phillip HK Newly Listed Equities Index ETF (2835.HK) led the decline with a 9.45% drop, and Xtrackers MSCI Korea UCITS ETF (2848.HK), CSOP KOSPI 200 ETF (3121.HK), Global X KOSPI 200 ETF (3408.HK) and CSOP KOSPI 200 Covered Call Active ETF (3537.HK) all fell more than 6%, while AI, optical communication and Asian semiconductor themes weakened in tandem. Among Southbound (Stock Connect) ETFs, dividend and broad-based products gained modestly, whereas Hong Kong-Korea tech and AI-themed products led the declines.
Key Highlights:
  • CSOP STAR 50 Index ETF (3109.HK) led with a 4.56% gain, while India, gold-miner and dividend products rose modestly — the upside was broadly dispersed.
  • Korean themes plunged across the board: Xtrackers MSCI Korea UCITS ETF (2848.HK), CSOP KOSPI 200 ETF (3121.HK), Global X KOSPI 200 ETF (3408.HK) and CSOP KOSPI 200 Covered Call Active ETF (3537.HK) all fell more than 6%; Phillip HK Newly Listed Equities Index ETF (2835.HK) led all decliners with a 9.45% drop.
  • Among Southbound (Stock Connect) ETFs, dividend and broad-based products gained modestly, while Hong Kong-Korea tech and AI-themed products led the declines, with CSOP FTSE HK-Korea Tech+ Index ETF (3431.HK) down 3.08% to top the losers.

On October 13, 2026, the Hong Kong ETF market exhibited a clearly divergent, two-pole pattern. The upside spanned multiple directions — STAR 50, 5G, India, gold miners, dividend and regional-market themes — with CSOP STAR 50 Index ETF (3109.HK) leading with a 4.56% gain and the rest of the gainers generally up between 1% and 1.7%. On the downside, Korean themes plunged across the board, while Hong Kong new-stock, AI, optical-communication and Asian-semiconductor directions led the fall. Among Southbound (Stock Connect) ETFs, dividend and broad-based products rose modestly, whereas Hong Kong-Korea tech and AI-themed products declined.

The leading advancer was the STAR 50 theme. CSOP STAR 50 Index ETF (3109.HK), managed by CSOP Asset Management, rose 4.56% to top the gainers list, tracking the STAR 50 Index.

5G and India themes also performed. CSOP Yinhua CSI 5G Communications Theme ETF (3193.HK), managed by CSOP Asset Management, rose 1.68%, tracking the CSI 5G Communications Theme Index; iShares Core S&P BSE SENSEX India ETF (2836.HK), managed by BlackRock, gained 1.55%, tracking the S&P BSE SENSEX 50 Index; and Xtrackers Nifty 50 India Swap UCITS ETF (3015.HK), managed by DWS Investment S.A., added 1.49%, tracking the NIFTY 50 Index.

Gold-miner and resources themes edged higher. E Fund (HK) Solactive Global Gold Miner Select Index ETF (2824.HK), managed by E Fund Management (Hong Kong), rose 1.39%; Guotai Haitong Global Strategic Resources ETF (3197.HK), managed by Haitong International Asset Management (Hong Kong), gained 1.18%, tracking the CCX Global Strategic Resources Index.

Dividend and regional themes also advanced. CSOP FTSE ETF Connect East-West Succession Equity Select Index ETF (3441.HK), managed by CSOP Asset Management, rose 1.25%, tracking the FTSE ETF Connect East-West Succession Equity Select Index; the same manager's CSOP Nomura FTSE HK-Japan Equity Cash Flow Focus Index ETF (3535.HK) added 1.24%; and Bosera China Reform Hong Kong Central-SOEs High Dividend Yield Index ETF (Listed Class) (3437.HK), managed by Bosera Asset Management (International), gained 1.22%, tracking the China Reform Hong Kong Central-SOEs High Dividend Index.

Additionally, Global X China Little Giant ETF (2815.HK), managed by Mirae Asset, rose 1.07%, tracking the Solactive China Little Giant Index.

Hong Kong Equity ETFs — Top 10 Gainers (October 13, 2026)

Rank

Code

Name

Change (%)

Underlying Index

Manager

1

03109.HK

CSOP STAR 50 Index ETF

4.56

STAR 50 Index

CSOP Asset Management Limited

2

03193.HK

CSOP Yinhua CSI 5G Communications Theme ETF

1.68

CSI 5G Communications Theme Index

CSOP Asset Management Limited

3

02836.HK

iShares Core S&P BSE SENSEX India ETF

1.55

S&P BSE SENSEX 50 Index

BlackRock Asset Management North Asia Limited

4

03015.HK

Xtrackers Nifty 50 India Swap UCITS ETF

1.49

NIFTY 50 Index

DWS Investment S.A.

5

02824.HK

E Fund (HK) Solactive Global Gold Miner Select Index ETF

1.39

—

E Fund Management (Hong Kong) Co., Limited

6

03441.HK

CSOP FTSE ETF Connect East-West Succession Equity Select Index ETF

1.25

FTSE ETF Connect East-West Succession Equity Select Index (net total return version)

CSOP Asset Management Limited

7

03535.HK

CSOP Nomura FTSE HK-Japan Equity Cash Flow Focus Index ETF

1.24

—

CSOP Asset Management Limited

8

03437.HK

Bosera China Reform Hong Kong Central-SOEs High Dividend Yield Index ETF (Listed Class)

1.22

China Reform Hong Kong Central-SOEs High Dividend Index

Bosera Asset Management (International) Co., Limited

9

03197.HK

Guotai Haitong Global Strategic Resources ETF

1.18

CCX Global Strategic Resources Index (HKD Net Total Return)

Haitong International Asset Management (Hong Kong) Limited

10

02815.HK

Global X China Little Giant ETF

1.07

Solactive China Little Giant Index (Net Total Return)

Mirae Asset Global Investments (Hong Kong) Limited

Source/Compilation: Wind / NewTimeSpace, as of the close on October 13, 2026.
Coverage: HKD-denominated equity ETFs listed in Hong Kong only.

On the downside, Korean themes plunged across the board. Xtrackers MSCI Korea UCITS ETF (2848.HK), managed by DWS Investment S.A., fell 6.96%; CSOP KOSPI 200 ETF (3121.HK), managed by CSOP Asset Management, dropped 6.91%; Global X KOSPI 200 ETF (3408.HK), managed by Mirae Asset, declined 6.56%, tracking the KOSPI 200 Index; and CSOP KOSPI 200 Covered Call Active ETF (3537.HK), managed by CSOP Asset Management, fell 6.09%. Global X K-Pop and Culture ETF (3158.HK), managed by Mirae Asset, dropped 4.49%, tracking the Solactive K-Pop and Culture Index. Korean-related ETFs took five of the top ten spots on the losers list.

Hong Kong new-stock and AI themes fell sharply. Phillip HK Newly Listed Equities Index ETF (2835.HK), managed by Phillip Capital Management, dropped 9.45% — the steepest decline of the day — tracking the Solactive Hong Kong Newly Listed Equities Index; CSOP Solactive Asia AI Bottleneck Index ETF (3499.HK), managed by CSOP Asset Management, fell 6.05%.

Optical-communication and Asian-semiconductor themes weakened. Value Partners Optical Communication Active ETF (2811.HK), managed by Value Partners Hong Kong, dropped 4.72%; Global X Emerging Markets Asia Active ETF (3104.HK), managed by Mirae Asset, fell 4.69%; and the same manager's Global X Asia Semiconductor ETF (3119.HK) declined 4.55%, tracking the FactSet Asia Semiconductor Index.

Hong Kong Equity ETFs — Top 10 Losers (October 13, 2026)

Rank

Code

Name

Change (%)

Underlying Index

Manager

1

02835.HK

Phillip HK Newly Listed Equities Index ETF

-9.45

Solactive Hong Kong Newly Listed Equities Index (Net Total Return)

Phillip Capital Management (HK) Limited

2

02848.HK

Xtrackers MSCI Korea UCITS ETF

-6.96

—

DWS Investment S.A.

3

03121.HK

CSOP KOSPI 200 ETF

-6.91

—

CSOP Asset Management Limited

4

03408.HK

Global X KOSPI 200 ETF

-6.56

KOSPI 200 Index

Mirae Asset Global Investments (Hong Kong) Limited

5

03537.HK

CSOP KOSPI 200 Covered Call Active ETF

-6.09

—

CSOP Asset Management Limited

6

03499.HK

CSOP Solactive Asia AI Bottleneck Index ETF

-6.05

—

CSOP Asset Management Limited

7

02811.HK

Value Partners Optical Communication Active ETF

-4.72

—

Value Partners Hong Kong Limited

8

03104.HK

Global X Emerging Markets Asia Active ETF

-4.69

—

Mirae Asset Global Investments (Hong Kong) Limited

9

03119.HK

Global X Asia Semiconductor ETF

-4.55

FactSet Asia Semiconductor Index (net total return)

Mirae Asset Global Investments (Hong Kong) Limited

10

03158.HK

Global X K-Pop and Culture ETF

-4.49

Solactive K-Pop and Culture Index (Net Total Return)

Mirae Asset Global Investments (Hong Kong) Limited

Source/Compilation: Wind / NewTimeSpace, as of the close on October 13, 2026.
Coverage: HKD-denominated equity ETFs listed in Hong Kong only.

Among Southbound (Stock Connect) ETFs, dividend and broad-based products rose modestly while Hong Kong-Korea tech and AI-themed products led the declines, broadly in line with the overall market direction on the day. The top five gainers were: CSOP FTSE ETF Connect East-West Succession Equity Select Index ETF (3441.HK), up 1.25% to lead; Bosera China Reform Hong Kong Central-SOEs High Dividend Yield Index ETF (Listed Class) (3437.HK), up 1.22%; Ping An of China CSI HK Dividend ETF (3070.HK), up 0.94%; iShares Core Hang Seng Index ETF (3115.HK), up 0.83%; and Global X Hang Seng High Dividend Yield ETF (3110.HK), up 0.68%.

The top five losers were: CSOP FTSE HK-Korea Tech+ Index ETF (3431.HK), down 3.08% to lead; E Fund (HK) FTSE AI Select Index ETF (3489.HK), down 2.20%; CSOP Hang Seng Biotech ETF (3174.HK), down 1.97%; ChinaAMC Hang Seng Biotech ETF (3069.HK), down 1.96%; and Ping An of China Trust - Ping An Technology Select ETF (3406.HK), down 1.51%.

Southbound (Stock Connect) ETFs — Gainers and Losers (October 13, 2026)

Rank

Code

Name

Change

Underlying Index

Manager

Gain 1

03441.HK

CSOP FTSE ETF Connect East-West Succession Equity Select Index ETF

1.25

FTSE ETF Connect East-West Succession Equity Select Index (net total return version)

CSOP Asset Management Limited

Gain 2

03437.HK

Bosera China Reform Hong Kong Central-SOEs High Dividend Yield Index ETF (Listed Class)

1.22

China Reform Hong Kong Central-SOEs High Dividend Index

Bosera Asset Management (International) Co., Limited

Gain 3

03070.HK

Ping An of China CSI HK Dividend ETF

0.94

CSI Hong Kong Dividend Index

Ping An of China Asset Management (Hong Kong) Company Limited

Gain 4

03115.HK

iShares Core Hang Seng Index ETF

0.83

Hang Seng Index (Net Total Return)

BlackRock Asset Management North Asia Limited

Gain 5

03110.HK

Global X Hang Seng High Dividend Yield ETF

0.68

Hang Seng High Dividend Yield Index

Mirae Asset Global Investments (Hong Kong) Limited

Loss 5

03406.HK

Ping An of China Trust - Ping An Technology Select ETF

-1.51

Wind Technology Select Index (HKD, Net Return)

Ping An of China Asset Management (Hong Kong) Company Limited

Loss 4

03069.HK

ChinaAMC Hang Seng Biotech ETF

-1.96

Hang Seng Biotech Index

China Asset Management (Hong Kong) Limited

Loss 3

03174.HK

CSOP Hang Seng Biotech ETF

-1.97

Hang Seng Biotech Index

CSOP Asset Management Limited

Loss 2

03489.HK

E Fund (HK) FTSE AI Select Index ETF

-2.20

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

-3.08

FTSE HK-Korea Tech+ Index (net total return version)

CSOP Asset Management Limited

Source/Compilation: Wind / NewTimeSpace, as of the close on October 13, 2026.
Coverage: HKD-denominated equity ETFs listed in Hong Kong only.

Data from NewTimeSpace Research Institute shows a two-pole divergent pattern on October 13 characterized by "STAR 50 alone advancing while Korean themes plunged." The upside was dispersed across STAR 50, India, gold miners and dividend directions, with the highest gain at 4.56% and all other gainers within 1.7%; the downside was highly concentrated in Korean themes and AI-related directions, with all top-ten decliners down at least 4.49%, Korean-related ETFs taking five of those spots and Phillip HK Newly Listed Equities Index ETF topping the losers at 9.45%. The gap between the top gainer and top loser exceeded 14 percentage points. On the Southbound side, dividend and broad-based products rose modestly while Hong Kong-Korea tech and AI-themed products led the declines, consistent with the broader market direction.

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