HK shares ETFs Daily Report: Technology Growth Themes Rebound Broadly as Value Partners Optical Communication Active ETF Rises 8.63% — October 28, 2026

NewTimeSpace · 2026/10/28 16:42 · By Xuran Lin

On October 28, 2026, technology growth themes rebounded broadly across the Hong Kong ETF market. Value Partners Optical Communication Active ETF (02811.HK) rose 8.63% to lead, with all top-ten gainers up at least 5.00%, while A-share and consumer names eased, led by iShares CSI 300 A-Share Index ETF (02846.HK) down 3.99%; Southbound gainers were led by E Fund (HK) FTSE AI Select Index ETF at 4.59%.

Key Highlights:

Three Korea-related ETFs entered the top ten, led by Global X KOSPI 200 ETF (03408.HK) up 6.64%, CSOP KOSPI 200 ETF (03121.HK) up 6.62% and Xtrackers MSCI Korea UCITS ETF (02848.HK) up 6.20%; the ChiNext leveraged product gained 6.84% and the PCB product 5.77%.
The decline side was broad but shallow: every top-ten loser fell no more than 3.99%, covering A-share broad-based, liquor, Japan, REIT, dividend and consumer themes, with the other end of the list between -0.56% and -0.97%.
Southbound gainers were CSOP FTSE HK-Korea Tech+ Index ETF (03431.HK) at 3.89%, ChinaAMC Hang Seng Biotech ETF (03069.HK) at 2.63%, CSOP Hang Seng Biotech ETF (03174.HK) at 2.51% and ChinaAMC Hang Seng Tech Index ETF (03088.HK) at 1.86%; all five losers were dividend and broad-based products, falling between 0.13% and 0.71%.

On October 28, 2026, the Hong Kong ETF market saw a broad rebound in technology growth themes. Optical communications, ChiNext, Korea, AI, semiconductor and PCB directions led the gainers, with all of the top ten rising at least 5.00%. On the downside, A-share broad-based, liquor, Japan, REIT, dividend and consumer themes eased broadly, with no top-ten decliner falling more than 3.99%. Among Southbound (Stock Connect) ETFs, AI and HK-Korea technology led while biotech advanced in tandem, and dividend and broad-based products brought up the declines.

The market's leading product was an optical communications ETF. Value Partners Optical Communication Active ETF (02811.HK), managed by Value Partners Hong Kong Limited, rose 8.63% to top the gainers list. Value Partners Printed Circuit Board Active ETF (02813.HK), managed by the same company, rose 5.77%.

ChiNext and Korea themes rose sharply. Bosera SZSE ChiNext Daily (2x) Leveraged Product (07234.HK), managed by Bosera Asset Management (International) Co., Limited, rose 6.84% as a daily 2x leveraged product on the ChiNext Index; Global X KOSPI 200 ETF (03408.HK), managed by Mirae Asset Global Investments (Hong Kong) Limited, rose 6.64%, tracking the KOSPI 200 Index; CSOP KOSPI 200 ETF (03121.HK), managed by CSOP Asset Management Limited, rose 6.62%; and Xtrackers MSCI Korea UCITS ETF (02848.HK), managed by DWS Investment S.A., rose 6.20%. Three Korea-related ETFs made the top ten gainers.

AI, semiconductor and pioneer technology themes strengthened in tandem. CSOP Solactive Asia AI Bottleneck Index ETF (03499.HK), managed by CSOP Asset Management Limited, rose 6.01%; E Fund (HK) Solactive Asia Semiconductor Select Index ETF (03486.HK), managed by E Fund Management (Hong Kong) Co., Limited, rose 5.84%; Global X Asia Semiconductor ETF (03119.HK), managed by Mirae Asset Global Investments (Hong Kong) Limited, rose 5.53%, tracking the FactSet Asia Semiconductor Index; and CSOP Hang Seng Pioneer Technology Index ETF (03149.HK), managed by CSOP Asset Management Limited, rose 5.59%, tracking the Hang Seng Pioneer Technology Index.

Hong Kong Equity ETFs — Top 10 Gainers (October 28, 2026)
Rank	Code	Name	Change (%)	Underlying Index	Manager
1	02811.HK	Value Partners Optical Communication Active ETF	8.63	—	Value Partners Hong Kong Limited
2	07234.HK	Bosera SZSE ChiNext Daily (2x) Leveraged Product	6.84	ChiNext Index (HKD) (CNH)	Bosera Asset Management (International) Co., Limited
3	03408.HK	Global X KOSPI 200 ETF	6.64	KOSPI 200 Index	Mirae Asset Global Investments (Hong Kong) Limited
4	03121.HK	CSOP KOSPI 200 ETF	6.62	—	CSOP Asset Management Limited
5	02848.HK	Xtrackers MSCI Korea UCITS ETF	6.20	—	DWS Investment S.A.
6	03499.HK	CSOP Solactive Asia AI Bottleneck Index ETF	6.01	—	CSOP Asset Management Limited
7	03486.HK	E Fund (HK) Solactive Asia Semiconductor Select Index ETF	5.84	—	E Fund Management (Hong Kong) Co., Limited
8	02813.HK	Value Partners Printed Circuit Board Active ETF	5.77	—	Value Partners Hong Kong Limited
9	03149.HK	CSOP Hang Seng Pioneer Technology Index ETF	5.59	Hang Seng Pioneer Technology Index (NTR)	CSOP Asset Management Limited
10	03119.HK	Global X Asia Semiconductor ETF	5.53	FactSet Asia Semiconductor Index (Net Total Return)	Mirae Asset Global Investments (Hong Kong) Limited
Source/Compilation: Wind / NewTimeSpace, as of the close on October 28, 2026. Coverage: HKD-denominated equity ETFs listed in Hong Kong only.

On the downside, an A-share broad-based ETF led the declines. iShares CSI 300 A-Share Index ETF (02846.HK), managed by BlackRock Asset Management North Asia Limited, fell 3.99%, the largest decliner of the day, tracking the CSI 300 Index; the same ETF had topped the gainers list on October 27 with a 3.59% rise.

Liquor and consumer themes pulled back. E Fund (HK) CSI Liquor Index ETF (03189.HK), managed by E Fund Management (Hong Kong) Co., Limited, fell 2.28%, tracking the CSI Liquor Index; Global X China Consumer ETF (02806.HK), managed by Mirae Asset Global Investments (Hong Kong) Limited, fell 0.60%, tracking the Solactive China Consumer Brands Index.

Japan and REIT themes eased modestly. Global X Japan Global Leaders ETF (03150.HK), managed by Mirae Asset Global Investments (Hong Kong) Limited, fell 1.15%, tracking the FactSet Japan Global Leaders Index; Samsung S&P High Dividend APAC ex NZ REITs ETF (03187.HK), managed by Samsung Asset Management (Hong Kong) Limited, fell 0.97%, tracking the S&P High Yield Asia Pacific ex New Zealand REIT Select Index.

Dividend and high-yield themes declined broadly. Fullgoal Hang Seng HK High Dividend ETF (03031.HK), managed by Fullgoal Asset Management (Hong Kong) Limited, fell 0.76%, tracking the Hang Seng Stock Connect High Dividend Low Volatility Index; E Fund (HK) MSCI Asia Pacific Select High Dividend Index ETF (03483.HK), managed by E Fund Management (Hong Kong) Co., Limited, fell 0.71%, tracking the MSCI AC Asia Pacific Select High Dividend Index (HKD, Net Return); ChinaAMC FTSE Hong Kong High Dividend ETF (03590.HK) and its A class (03592.HK), both managed by China Asset Management (Hong Kong) Limited, each fell 0.61% as two listed classes of the same fund.

In addition, Xtrackers FTSE Vietnam UCITS ETF (03087.HK), managed by DWS Investment S.A., fell 0.56%.

Hong Kong Equity ETFs — Top 10 Losers (October 28, 2026)
Rank	Code	Name	Change (%)	Underlying Index	Manager
1	02846.HK	iShares CSI 300 A-Share Index ETF	-3.99	CSI 300 Index	BlackRock Asset Management North Asia Limited
2	03189.HK	E Fund (HK) CSI Liquor Index ETF	-2.28	CSI Liquor Index	E Fund Management (Hong Kong) Co., Limited
3	03150.HK	Global X Japan Global Leaders ETF	-1.15	FactSet Japan Global Leaders Index (Net Total Return)	Mirae Asset Global Investments (Hong Kong) Limited
4	03187.HK	Samsung S&P High Dividend APAC ex NZ REITs ETF	-0.97	S&P High Yield Asia Pacific ex New Zealand REIT Select Index	Samsung Asset Management (Hong Kong) Limited
5	03031.HK	Fullgoal Hang Seng HK High Dividend ETF	-0.76	Hang Seng Stock Connect High Dividend Low Volatility Index (NTR)	Fullgoal Asset Management (Hong Kong) Limited
6	03483.HK	E Fund (HK) MSCI Asia Pacific Select High Dividend Index ETF	-0.71	MSCI AC Asia Pacific Select High Dividend Index (HKD, Net Return)	E Fund Management (Hong Kong) Co., Limited
7	03590.HK	ChinaAMC FTSE Hong Kong High Dividend ETF (Distribution Listed Class)	-0.61	—	China Asset Management (Hong Kong) Limited
8	03592.HK	ChinaAMC FTSE Hong Kong High Dividend ETF (Accumulation Listed Class)	-0.61	—	China Asset Management (Hong Kong) Limited
9	02806.HK	Global X China Consumer ETF	-0.60	Solactive China Consumer Brands Index (Net Total Return)	Mirae Asset Global Investments (Hong Kong) Limited
10	03087.HK	Xtrackers FTSE Vietnam UCITS ETF	-0.56	—	DWS Investment S.A.
Source/Compilation: Wind / NewTimeSpace, as of the close on October 28, 2026. Coverage: HKD-denominated equity ETFs listed in Hong Kong only.

Among Southbound (Stock Connect) ETFs, AI and HK-Korea technology led the gainers while biotech strengthened in tandem; the five decliners were all dividend and broad-based products.

The top five gainers were: E Fund (HK) FTSE AI Select Index ETF (03489.HK), up 4.59% to lead; CSOP FTSE HK-Korea Tech+ Index ETF (03431.HK), up 3.89%; ChinaAMC Hang Seng Biotech ETF (03069.HK), up 2.63%; CSOP Hang Seng Biotech ETF (03174.HK), up 2.51%; and ChinaAMC Hang Seng Tech Index ETF (03088.HK), up 1.86%.

The five decliners were: E Fund (HK) MSCI Asia Pacific Select High Dividend Index ETF (03483.HK), down 0.71% to lead; CSOP FTSE ETF Connect East-West Succession Equity Select Index ETF (03441.HK), down 0.44%; Bosera China Reform Hong Kong Central-SOEs High Dividend Yield Index ETF (03437.HK), down 0.31%; Ping An of China CSI HK Dividend ETF (03070.HK), down 0.19%; and CSOP Hang Seng Stock Connect High Dividend ETF (03469.HK), down 0.13%.

Southbound (Stock Connect) ETFs — Gainers and Losers (October 28, 2026)
Rank	Code	Name	Change	Underlying Index	Manager
Gain 1	03489.HK	E Fund (HK) FTSE AI Select Index ETF	4.59	FTSE Custom Global AI Select Index (Net Return)	E Fund Management (Hong Kong) Co., Limited
Gain 2	03431.HK	CSOP FTSE HK-Korea Tech+ Index ETF	3.89	—	CSOP Asset Management Limited
Gain 3	03069.HK	ChinaAMC Hang Seng Biotech ETF	2.63	Hang Seng Biotech Index	China Asset Management (Hong Kong) Limited
Gain 4	03174.HK	CSOP Hang Seng Biotech ETF	2.51	Hang Seng Biotech Index	CSOP Asset Management Limited
Gain 5	03088.HK	ChinaAMC Hang Seng Tech Index ETF	1.86	Hang Seng TECH Index	China Asset Management (Hong Kong) Limited
Loss 5	03469.HK	CSOP Hang Seng Stock Connect High Dividend ETF	-0.13	Hang Seng Stock Connect High Dividend Low Volatility Index	CSOP Asset Management Limited
Loss 4	03070.HK	Ping An of China CSI HK Dividend ETF	-0.19	CSI Hong Kong Dividend Index	Ping An of China Asset Management (Hong Kong) Company Limited
Loss 3	03437.HK	Bosera China Reform Hong Kong Central-SOEs High Dividend Yield Index ETF	-0.31	China Reform HK Central-SOEs High Dividend Index	Bosera Asset Management (International) Co., Limited
Loss 2	03441.HK	CSOP FTSE ETF Connect East-West Succession Equity Select Index ETF	-0.44	—	CSOP Asset Management Limited
Loss 1	03483.HK	E Fund (HK) MSCI Asia Pacific Select High Dividend Index ETF	-0.71	MSCI AC Asia Pacific Select High Dividend Index (HKD, Net Return)	E Fund Management (Hong Kong) Co., Limited
Source/Compilation: Wind / NewTimeSpace, as of the close on October 28, 2026. Coverage: HKD-denominated equity ETFs listed in Hong Kong only.

Data from NewTimeSpace Research Institute shows that market direction partly reversed from the previous session on October 28. iShares CSI 300 A-Share Index ETF, which had topped the gainers list at 3.59% on October 27, fell 3.99% to lead the decliners; the STAR 50 and biotech directions that had led the declines on October 27 dropped off the losers list, with biotech turning higher among Southbound ETFs as ChinaAMC Hang Seng Biotech ETF and CSOP Hang Seng Biotech ETF rose 2.63% and 2.51%. Korea themes extended the prior session's advance, with Xtrackers MSCI Korea UCITS ETF widening from 2.81% on October 27 to 6.20%, while Global X KOSPI 200 ETF and CSOP KOSPI 200 ETF both gained more than 6.6%. The downside was led by A-share broad-based, liquor, Japan and dividend themes, with no top-ten decliner falling more than 3.99%. On the Southbound side, AI and HK-Korea technology led while biotech strengthened in tandem and dividend and broad-based products brought up the declines, broadly in line with the overall market direction.

HK Shares ETFs Daily Report Value Partners Optical Communication Active ETF iShares CSI 300 A-Share Index ETF