HK shares ETFs Daily Report: Vietnam Themes Lead as Technology and Biotech Pull Back Sharply — October 22, 2026

NewTimeSpace · 2026/10/22 17:24 · By Jiamin Feng

On October 22, 2026, the Hong Kong ETF market turned defensive, with gains scarce. Xtrackers FTSE Vietnam UCITS ETF (03087.HK) rose 1.33% to lead the gainers, three Vietnam-related ETFs entered the top ten and the last three slots closed flat, while technology and biotech names sank, with Bosera SZSE ChiNext Daily (2x) Leveraged Product (07234.HK) down 8.82%; all 31 Southbound (Stock Connect) ETFs fell.

Key Highlights:

All ten of the day's biggest decliners fell at least 6.04%, with CSOP Hang Seng Pioneer Technology Index ETF (03149.HK) down 7.46% and Hang Seng AI Advancement ETF (03438.HK) down 6.93%.
Southbound losers were led by ChinaAMC Hang Seng Biotech ETF (03069.HK) at -6.14%, CSOP Hang Seng Biotech ETF (03174.HK) at -5.79% and E Fund (HK) FTSE AI Select Index ETF (03489.HK) at -5.61%; the smallest decline was E Fund (HK) MSCI Asia Pacific Select High Dividend Index ETF (03483.HK) at -1.42%.
Global X Innovative Finance ETF (03185.HK) rose 0.99%, Samsung S&P High Dividend APAC ex NZ REITs ETF (03187.HK) 0.59% and Premia Dow Jones Emerging ASEAN Titans 100 ETF (02810.HK) 0.51%; the best and worst performers were more than 10 percentage points apart.

On October 22, 2026, the Hong Kong ETF market displayed defensive characteristics. Vietnam themes led the gainers, with innovative finance, REIT and ASEAN themes edging up, while the gainers list was thin overall and several products closed flat. On the downside, technology and biotech themes pulled back sharply, with ChiNext leveraged products, pioneer technology, AI, HK-Korea semiconductor and optical communications names all falling beyond 6%. All 31 Southbound (Stock Connect) ETFs declined.

The market's leading direction was concentrated in Vietnam themes. Xtrackers FTSE Vietnam UCITS ETF (03087.HK), managed by DWS Investment S.A., rose 1.33% to top the gainers list; Premia MSCI Vietnam ETF (02804.HK), managed by Premia Partners Company Limited, rose 1.29%, tracking the S&P Vietnam Core Index; and CSOP FTSE Vietnam 30 ETF (03004.HK), managed by CSOP Asset Management Limited, rose 0.91%, tracking the FTSE Vietnam 30 Price Index. Three Vietnam-related ETFs made the top ten gainers.

Innovative finance and REIT themes edged up. Global X Innovative Finance ETF (03185.HK), managed by Mirae Asset Global Investments (Hong Kong) Limited, rose 0.99%; Samsung S&P High Dividend APAC ex NZ REITs ETF (03187.HK), managed by Samsung Asset Management (Hong Kong) Limited, rose 0.59%, tracking the S&P High Yield Asia Pacific ex New Zealand REIT Select Index.

ASEAN and Europe themes gained marginally. Premia Dow Jones Emerging ASEAN Titans 100 ETF (02810.HK), managed by Premia Partners Company Limited, rose 0.51%, tracking the Dow Jones Emerging ASEAN Titans 100 Index; ChinaAMC MSCI Europe Quality Hedged to USD ETF (03165.HK), managed by China Asset Management (Hong Kong) Limited, rose 0.10%.

The last three slots on the gainers list closed flat. Value Partners Printed Circuit Board Active ETF (02813.HK), managed by Value Partners Hong Kong Limited; Doo Wealth Selected Web3 ETF (03426.HK), managed by VGrowth Securities International Financial Group Limited; and Hang Seng JPMorgan US Equity Premium Income Active ETF (03476.HK), managed by Hang Seng Investment Management Limited, all closed unchanged.

Hong Kong Equity ETFs — Top 10 Gainers (October 22, 2026)
Rank	Code	Name	Change (%)	Underlying Index	Manager
1	03087.HK	Xtrackers FTSE Vietnam UCITS ETF	1.33	—	DWS Investment S.A.
2	02804.HK	Premia MSCI Vietnam ETF	1.29	S&P Vietnam Core Index (Net Total Return)	Premia Partners Company Limited
3	03185.HK	Global X Innovative Finance ETF	0.99	—	Mirae Asset Global Investments (Hong Kong) Limited
4	03004.HK	CSOP FTSE Vietnam 30 ETF	0.91	FTSE Vietnam 30 Price Index	CSOP Asset Management Limited
5	03187.HK	Samsung S&P High Dividend APAC ex NZ REITs ETF	0.59	S&P High Yield Asia Pacific ex New Zealand REIT Select Index	Samsung Asset Management (Hong Kong) Limited
6	02810.HK	Premia Dow Jones Emerging ASEAN Titans 100 ETF	0.51	Dow Jones Emerging ASEAN Titans 100 Index	Premia Partners Company Limited
7	03165.HK	ChinaAMC MSCI Europe Quality Hedged to USD ETF	0.10	—	China Asset Management (Hong Kong) Limited
8	02813.HK	Value Partners Printed Circuit Board Active ETF	0.00	—	Value Partners Hong Kong Limited
9	03426.HK	Doo Wealth Selected Web3 ETF	0.00	—	VGrowth Securities International Financial Group Limited
10	03476.HK	Hang Seng JPMorgan US Equity Premium Income Active ETF	0.00	—	Hang Seng Investment Management Limited
Source/Compilation: Wind / NewTimeSpace, as of the close on October 22, 2026. Coverage: HKD-denominated equity ETFs listed in Hong Kong only.

On the downside, Bosera SZSE ChiNext Daily (2x) Leveraged Product (07234.HK), managed by Bosera Asset Management (International) Co., Limited, fell 8.82%, the largest decliner of the day, as a daily 2x leveraged product on the ChiNext Index.

Pioneer technology and AI themes pulled back sharply. CSOP Hang Seng Pioneer Technology Index ETF (03149.HK), managed by CSOP Asset Management Limited, fell 7.46%, tracking the Hang Seng Pioneer Technology Index; Hang Seng AI Advancement ETF (03438.HK), managed by Hang Seng Investment Management Limited, fell 6.93%, tracking the Hang Seng Artificial Intelligence Theme Index; Value Partners Optical Communication Active ETF (02811.HK), managed by Value Partners Hong Kong Limited, fell 6.15%.

Semiconductor and technology themes fell broadly. Bosera HKEX KRX Semiconductor Index ETF (03516.HK), managed by Bosera Asset Management (International) Co., Limited, fell 6.54%; Global X China Core TECH ETF (03448.HK), managed by Mirae Asset Global Investments (Hong Kong) Limited, fell 6.46%, tracking the Mirae Asset China Technology Top 30 Index; Huatai-PCG HKEX KRX Semiconductor Index ETF (03569.HK), managed by Huatai-PCG Asset Management Limited, fell 6.22%; E Fund (HK) Solactive Asia Semiconductor Select Index ETF (03486.HK), managed by E Fund Management (Hong Kong) Co., Limited, fell 6.04%.

Hong Kong newly listed stocks and biotech themes also declined. Phillip HK Newly Listed Equities Index ETF (02835.HK), managed by Phillip Capital Management (Hong Kong) Limited, fell 6.66%, tracking the Solactive Hong Kong Newly Listed Equities Index; ChinaAMC Hang Seng Biotech ETF (03069.HK), managed by China Asset Management (Hong Kong) Limited, fell 6.14%, tracking the Hang Seng Biotech Index.

Hong Kong Equity ETFs — Top 10 Losers (October 22, 2026)
Rank	Code	Name	Change (%)	Underlying Index	Manager
1	07234.HK	Bosera SZSE ChiNext Daily (2x) Leveraged Product	-8.82	ChiNext Index (HKD) (CNH)	Bosera Asset Management (International) Co., Limited
2	03149.HK	CSOP Hang Seng Pioneer Technology Index ETF	-7.46	Hang Seng Pioneer Technology Index (NTR)	CSOP Asset Management Limited
3	03438.HK	Hang Seng AI Advancement ETF	-6.93	Hang Seng Artificial Intelligence Theme Index (NTR)	Hang Seng Investment Management Limited
4	02835.HK	Phillip HK Newly Listed Equities Index ETF	-6.66	Solactive Hong Kong Newly Listed Equities Index (Net Total Return)	Phillip Capital Management (Hong Kong) Limited
5	03516.HK	Bosera HKEX KRX Semiconductor Index ETF	-6.54	—	Bosera Asset Management (International) Co., Limited
6	03448.HK	Global X China Core TECH ETF	-6.46	Mirae Asset China Technology Top 30 Index (Net Return, HKD)	Mirae Asset Global Investments (Hong Kong) Limited
7	03569.HK	Huatai-PCG HKEX KRX Semiconductor Index ETF	-6.22	—	Huatai-PCG Asset Management Limited
8	02811.HK	Value Partners Optical Communication Active ETF	-6.15	—	Value Partners Hong Kong Limited
9	03069.HK	ChinaAMC Hang Seng Biotech ETF	-6.14	Hang Seng Biotech Index	China Asset Management (Hong Kong) Limited
10	03486.HK	E Fund (HK) Solactive Asia Semiconductor Select Index ETF	-6.04	—	E Fund Management (Hong Kong) Co., Limited
Source/Compilation: Wind / NewTimeSpace, as of the close on October 22, 2026. Coverage: HKD-denominated equity ETFs listed in Hong Kong only.

Among Southbound (Stock Connect) ETFs, all 31 products declined, with the top five losers concentrated in biotech and technology themes.

The top five losers were: ChinaAMC Hang Seng Biotech ETF (03069.HK), down 6.14% to lead; CSOP Hang Seng Biotech ETF (03174.HK), down 5.79%; E Fund (HK) FTSE AI Select Index ETF (03489.HK), down 5.61%; CSOP Hang Seng Tech Index ETF (03033.HK), down 5.41%; and Global X Hang Seng TECH ETF (02837.HK), down 5.37%.

The smallest decline was E Fund (HK) MSCI Asia Pacific Select High Dividend Index ETF (03483.HK) at -1.42%, which tracks the MSCI AC Asia Pacific Select High Dividend Index.

Southbound (Stock Connect) ETFs — Gainers and Losers (October 22, 2026)
Rank	Code	Name	Change	Underlying Index	Manager
Loss 1	03069.HK	ChinaAMC Hang Seng Biotech ETF	-6.14	Hang Seng Biotech Index	China Asset Management (Hong Kong) Limited
Loss 2	03174.HK	CSOP Hang Seng Biotech ETF	-5.79	Hang Seng Biotech Index	CSOP Asset Management Limited
Loss 3	03489.HK	E Fund (HK) FTSE AI Select Index ETF	-5.61	FTSE Custom Global AI Select Index (Net Return)	E Fund Management (Hong Kong) Co., Limited
Loss 4	03033.HK	CSOP Hang Seng Tech Index ETF	-5.41	Hang Seng TECH Index	CSOP Asset Management Limited
Loss 5	02837.HK	Global X Hang Seng TECH ETF	-5.37	Hang Seng TECH Index	Mirae Asset Global Investments (Hong Kong) Limited
Source/Compilation: Wind / NewTimeSpace, as of the close on October 22, 2026. Coverage: HKD-denominated equity ETFs listed in Hong Kong only.

Data from NewTimeSpace Research Institute shows a structural feature on October 22 of "thin gains, concentrated losses". The upside was led by Vietnam themes, with the highest gain only 1.33% and the last three slots on the gainers list closing flat, leaving limited money-making effect. The downside was concentrated in technology and biotech directions, with all of the top ten decliners falling at least 6.04% and the ChiNext leveraged product, pioneer technology and AI ETFs all down more than 6.9%. The gap between the two ends was stark, with the top decliner more than 10 percentage points behind the top gainer. On the Southbound side, all 31 products declined, with the top five losers concentrated in biotech and technology themes, broadly in line with the overall market direction.

HK Shares ETFs Daily Report Xtrackers FTSE Vietnam UCITS ETF Bosera Szse Chinext Daily (2x) Leveraged Product