HK shares ETFs Daily Report: Korea and Semiconductor Themes Fall Over 7%, Four India ETFs Sweep the Top Four Gain Slots-October 15, 2026

NewTimeSpace · 2026/10/15 17:14 · By Boyuan Chen

On October 15, 2026, the Hong Kong ETF market saw an extreme divergence. On the upside, India-themed products dominated, with Xtrackers Nifty 50 Swap UCITS ETF (3015.HK) up 2.24% at the top of the gainers list, and four India-related ETFs occupying the top four gain slots; baijiu liquor and healthcare themes posted modest gains. On the downside, Korea and semiconductor themes fell sharply, with Xtrackers MSCI Korea UCITS ETF (2848.HK) down 9.23% as the largest decliner; all of the top ten decliners fell by at least 7.2%, of which four were Korea equity-related and four were semiconductor-related. Among southbound Stock Connect ETFs, every product declined and all were technology-themed, led by CSOP FTSE HK-Korea Tech+ Index ETF (3431.HK) at -5.97%.

Key Highlights:

India themes led gains: Xtrackers Nifty 50 Swap UCITS ETF rose 2.24% to top the list, with four India-related ETFs taking the top four gain slots; E Fund (HK) CSI Liquor Index ETF gained 1.09%.
Korea and semiconductor themes fell sharply: Xtrackers MSCI Korea UCITS ETF dropped 9.23% to lead decliners, with all of the top ten falling by at least 7.2% — four Korea equity-related and four semiconductor-related products.
All southbound Stock Connect ETFs declined on the day, all technology-themed, with CSOP FTSE HK-Korea Tech+ Index ETF down 5.97% at the top.

On October 15, 2026, the Hong Kong ETF market saw an extreme divergence. On the upside, India themes dominated, with four India-related ETFs entering the top four of the gainers list, while baijiu liquor, healthcare and consumer themes posted modest gains. On the downside, Korea and semiconductor themes were sharply lower, with optical communications and AI-related names weakening in tandem. All southbound Stock Connect ETFs declined on the day, all of them technology-themed.

Leadership on the upside was highly concentrated in India themes. Xtrackers Nifty 50 Swap UCITS ETF (3015.HK), managed by DWS Investment S.A., rose 2.24% to top the gainers list, tracking the Nifty 50 Index. iShares Core S&P BSE SENSEX India Index ETF (2836.HK), managed by BlackRock Asset Management North Asia Limited, rose 2.17%, tracking the S&P BSE SENSEX 50 Index. Global X India Select Top 10 ETF (3184.HK), managed by Mirae Asset Global Investments (Hong Kong) Limited, rose 1.30%, tracking the Mirae Asset India Select Top 10 Index. ChinaAMC MSCI India ETF (3404.HK), managed by China Asset Management (Hong Kong) Limited, rose 1.15%. The four India-related ETFs took the top four gain slots.

Consumer and healthcare themes edged up. E Fund (HK) CSI Liquor Index ETF (3189.HK), managed by E Fund Management (Hong Kong) Co., Limited, rose 1.09%, tracking the CSI Liquor Index. Ping An Healthcare 50 Select ETF (3500.HK), managed by Ping An of China Asset Management (Hong Kong) Company Limited, rose 0.66%. E Fund (HK) Solactive Biopharma Select Index ETF (3186.HK), managed by E Fund Management (Hong Kong) Co., Limited, rose 0.15%.

In addition, ChinaAMC MSCI Europe Quality Hedged to USD ETF (3165.HK), managed by China Asset Management (Hong Kong) Limited, rose 0.62%. Global X China Consumer Brand ETF (2806.HK), managed by Mirae Asset Global Investments (Hong Kong) Limited, rose 0.11%, tracking the Solactive China Consumer Brand Index. Samsung S&P High Dividend APAC ex NZ REITs ETF (3187.HK), managed by Samsung Asset Management (Hong Kong) Limited, closed flat.

Hong Kong Equity ETFs — Top 10 Gainers (October 15, 2026)
Rank	Code	Name	Change (%)	Underlying Index	Manager
1	03015.HK	Xtrackers Nifty 50 Swap UCITS ETF	2.24	Nifty 50 Index	DWS Investment S.A.
2	02836.HK	iShares Core S&P BSE SENSEX India Index ETF	2.17	S&P BSE SENSEX 50 Index	BlackRock Asset Management North Asia Limited
3	03184.HK	Global X India Select Top 10 ETF	1.30	Mirae Asset India Select Top 10 Index (Net Total Return)	Mirae Asset Global Investments (Hong Kong) Limited
4	03404.HK	ChinaAMC MSCI India ETF	1.15	--	China Asset Management (Hong Kong) Limited
5	03189.HK	E Fund (HK) CSI Liquor Index ETF	1.09	CSI Liquor Index	E Fund Management (Hong Kong) Co., Limited
6	03500.HK	Ping An Healthcare 50 Select ETF	0.66	--	Ping An of China Asset Management (Hong Kong) Company Limited
7	03165.HK	ChinaAMC MSCI Europe Quality Hedged to USD ETF	0.62	--	China Asset Management (Hong Kong) Limited
8	03186.HK	E Fund (HK) Solactive Biopharma Select Index ETF	0.15	--	E Fund Management (Hong Kong) Co., Limited
9	02806.HK	Global X China Consumer Brand ETF	0.11	Solactive China Consumer Brand Index (Net Total Return)	Mirae Asset Global Investments (Hong Kong) Limited
10	03187.HK	Samsung S&P High Dividend APAC ex NZ REITs ETF	0	S&P High Yield Asia Pacific ex New Zealand REIT Select Index	Samsung Asset Management (Hong Kong) Limited
Source/Compilation: Wind / NewTimeSpace, as of the close on October 15, 2026. Coverage: HKD-denominated equity ETFs listed in Hong Kong only.

On the downside, Korea equity-related themes were sharply lower. Xtrackers MSCI Korea UCITS ETF (2848.HK), managed by DWS Investment S.A., fell 9.23%, the largest decliner of the day. CSOP KOSPI 200 Covered Call Active ETF (3537.HK), managed by CSOP Asset Management Limited, fell 9.11%. Global X KOSPI 200 ETF (3408.HK), managed by Mirae Asset Global Investments (Hong Kong) Limited, fell 8.70%, tracking the KOSPI 200 Index. CSOP KOSPI 200 ETF (3121.HK), managed by CSOP Asset Management Limited, fell 8.47%. All four Korea equity-related ETFs fell by more than 8.4%.

Semiconductor themes declined in tandem. Huatai-PCG HKEX KRX Semiconductor Index ETF (3569.HK), managed by Huatai-PCG Asset Management Limited, fell 8.36%. E Fund (HK) Solactive Asia Semiconductor Select Index ETF (3486.HK), managed by E Fund Management (Hong Kong) Co., Limited, fell 8.35%. Bosera HKEX KRX Semiconductor Index ETF (3516.HK), managed by Bosera Asset Management (International) Co., Limited, fell 8.18%. Global X Asia Semiconductor ETF (3119.HK), managed by Mirae Asset Global Investments (Hong Kong) Limited, fell 7.23%, tracking the ICE FactSet Asia Semiconductor Index. All four semiconductor-related ETFs fell by more than 7.2%.

Optical communications and AI themes also dropped sharply. Value Partners Optical Communication Active ETF (2811.HK), managed by Value Partners Hong Kong Limited, fell 8.65%. CSOP Solactive Asia AI Bottleneck Index ETF (3499.HK), managed by CSOP Asset Management Limited, fell 8.56%.

Hong Kong Equity ETFs — Top 10 Losers (October 15, 2026)
Rank	Code	Name	Change (%)	Underlying Index	Manager
1	02848.HK	Xtrackers MSCI Korea UCITS ETF	-9.23	--	DWS Investment S.A.
2	03537.HK	CSOP KOSPI 200 Covered Call Active ETF	-9.11	--	CSOP Asset Management Limited
3	03408.HK	Global X KOSPI 200 ETF	-8.70	KOSPI 200 Index	Mirae Asset Global Investments (Hong Kong) Limited
4	02811.HK	Value Partners Optical Communication Active ETF	-8.65	--	Value Partners Hong Kong Limited
5	03499.HK	CSOP Solactive Asia AI Bottleneck Index ETF	-8.56	--	CSOP Asset Management Limited
6	03121.HK	CSOP KOSPI 200 ETF	-8.47	--	CSOP Asset Management Limited
7	03569.HK	Huatai-PCG HKEX KRX Semiconductor Index ETF	-8.36	--	Huatai-PCG Asset Management Limited
8	03486.HK	E Fund (HK) Solactive Asia Semiconductor Select Index ETF	-8.35	--	E Fund Management (Hong Kong) Co., Limited
9	03516.HK	Bosera HKEX KRX Semiconductor Index ETF	-8.18	--	Bosera Asset Management (International) Co., Limited
10	03119.HK	Global X Asia Semiconductor ETF	-7.23	ICE FactSet Asia Semiconductor Index (Net Total Return)	Mirae Asset Global Investments (Hong Kong) Limited
Source/Compilation: Wind / NewTimeSpace, as of the close on October 15, 2026. Coverage: HKD-denominated equity ETFs listed in Hong Kong only.

Among southbound Stock Connect ETFs, all products declined on the day and all were technology-themed. The top five decliners were CSOP FTSE HK-Korea Tech+ Index ETF (3431.HK) down 5.97%, E Fund (HK) FTSE AI Select Index ETF (3489.HK) down 4.80%, Ping An of China Trust - Ping An Technology Select ETF (3406.HK) down 3.72%, CSOP Hang Seng HK-US TECH ETF (3442.HK) down 2.88%, and CSOP Hang Seng TECH Index ETF (3033.HK) down 2.55%.

Southbound (Stock Connect) ETFs — Gainers and Losers (October 15, 2026)
Rank	Code	Name	Change (%)	Underlying Index	Manager
1	03431.HK	CSOP FTSE HK-Korea Tech+ Index ETF	-5.97	--	CSOP Asset Management Limited
2	03489.HK	E Fund (HK) FTSE AI Select Index ETF	-4.80	FTSE Custom Global AI Select Index (Net Return)	E Fund Management (Hong Kong) Co., Limited
3	03406.HK	Ping An of China Trust - Ping An Technology Select ETF	-3.72	Wind Technology Select Index (HKD, Net Return)	Ping An of China Asset Management (Hong Kong) Company Limited
4	03442.HK	CSOP Hang Seng HK-US TECH ETF	-2.88	Hang Seng HK-US Technology Index	CSOP Asset Management Limited
5	03033.HK	CSOP Hang Seng TECH Index ETF	-2.55	Hang Seng TECH Index	CSOP Asset Management Limited
Source/Compilation: Wind / NewTimeSpace, as of the close on October 15, 2026. Coverage: HKD-denominated equity ETFs listed in Hong Kong only.

NewTimeSpace Research Institute data shows that the market was characterized by "India alone rising while Korea and semiconductors fell sharply" on the day. The upside was dominated by India themes, with four India-related ETFs taking the top four slots and the highest gain at 2.24%, while all other products gained less than 1.1%. The downside was highly concentrated in Korea and semiconductor directions, with all of the top ten decliners falling by at least 7.23% — four Korea equity-related and four semiconductor-related products — and Xtrackers MSCI Korea UCITS ETF leading the decliners at 9.23%. The gap between the two ends of the market was stark, with the top decliner more than 11 percentage points behind the top gainer. Southbound flows were aligned with the broader market, as all products declined and all were technology-themed.

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HK Shares ETFs Daily Report E Fund (HK) Solactive Biopharma Select Index ETF Xtrackers MSCI Korea UCITS ETF Xtrackers Nifty 50 Swap UCITS ETF