HK shares ETFs Daily Report: Value Partners Optical Communication Active ETF Rises 8.39% to Lead for a Second Day as Liquor and Gold Miners Sink — November 11, 2026

NewTimeSpace · 2026/11/11 16:55 · By Boyuan Chen

On November 11, 2026, technology hardware extended gains in the Hong Kong ETF market while consumer and resources themes sold off. Value Partners Optical Communication Active ETF (02811.HK) rose 8.39% to lead for a second session, with all ten gainers in technology and semiconductors and five of them semiconductor plays; E Fund (HK) CSI Liquor Index ETF (03189.HK) fell 7.80% to lead decliners and E Fund (HK) Solactive Global Gold Miner Select Index ETF (02824.HK) dropped 5.99%.

Key Highlights:

The two Value Partners products extended their run: Value Partners Optical Communication Active ETF gained 19.48% over two sessions (10.23% then 8.39%) and Value Partners Printed Circuit Board Active ETF gained 13.72% (6.36% then 7.00%).
The five semiconductor ETFs were Fubon ICE FactSet Taiwan Core Semiconductor Index ETF (03076.HK) at 4.91%, Global X Asia Semiconductor ETF (03119.HK) at 4.69%, E Fund (HK) Solactive Asia Semiconductor Select Index ETF (03486.HK) at 4.12%, Bosera HKEX KRX Semiconductor Index ETF (03516.HK) at 4.07% and Samsung Bloomberg Global Semiconductor ETF (03132.HK) at 4.04%; CSOP Yinhua CSI 5G Communications Theme ETF (03193.HK) added 5.99% and Bosera SZSE ChiNext Daily (2x) Leveraged Product (07234.HK) 5.05%.
Beyond liquor and gold miners, declines spread to Asia broad-market and Hang Seng-linked names: iShares Core MSCI AC Asia ex Japan Index ETF (03010.HK) fell 3.58% and Tracker Fund of Hong Kong (02800.HK) 3.33%, followed by Hang Seng TECH, internet and resources products down 1.54% to 2.05%.

On November 11, 2026, technology hardware continued to strengthen in the Hong Kong ETF market while consumer and resources themes pulled back sharply. Optical communication, PCB, 5G, ChiNext, semiconductor and AI bottleneck directions led the gainers, with no top-ten gain below 4.04%. On the downside, liquor, gold miner, Asia broad-market and Hang Seng Index-related products eased broadly, with the largest loss at 7.80%. Among Southbound (Stock Connect) ETFs, AI and HK-Korea technology edged up while Hang Seng TECH themes fell collectively.

Leadership came from optical communication. Value Partners Optical Communication Active ETF (02811.HK), managed by Value Partners Hong Kong Limited, rose 8.39%, topping the gainers list for a second consecutive session after gaining 10.23% on November 10. Value Partners Printed Circuit Board Active ETF (02813.HK), managed by the same company, rose 7.00% after 6.36% the previous day.

5G and ChiNext themes rose sharply. CSOP Yinhua CSI 5G Communications Theme ETF (03193.HK), managed by CSOP Asset Management Limited, rose 5.99%, tracking the CSI 5G Communications Theme Index; Bosera SZSE ChiNext Daily (2x) Leveraged Product (07234.HK), managed by Bosera Asset Management (International) Co., Limited, rose 5.05%, a daily 2x leveraged product on the ChiNext Index.

Semiconductor themes strengthened collectively, with five ETFs entering the top ten. Fubon ICE FactSet Taiwan Core Semiconductor Index ETF (03076.HK), managed by Fubon Fund Management (Hong Kong) Limited, rose 4.91%, tracking the ICE FactSet Taiwan Core Semiconductor 10% OTC Weight Cap Index; Global X Asia Semiconductor ETF (03119.HK), managed by Mirae Asset Global Investments (Hong Kong) Limited, rose 4.69%, tracking the FactSet Asia Semiconductor Index; E Fund (HK) Solactive Asia Semiconductor Select Index ETF (03486.HK), managed by E Fund Management (Hong Kong) Co., Limited, rose 4.12%; Bosera HKEX KRX Semiconductor Index ETF (03516.HK), managed by Bosera Asset Management (International) Co., Limited, rose 4.07%; Samsung Bloomberg Global Semiconductor ETF (03132.HK), managed by Samsung Asset Management (Hong Kong) Limited, rose 4.04%.

In addition, CSOP Solactive Asia AI Bottleneck Index ETF (03499.HK), managed by CSOP Asset Management Limited, rose 4.11%.

Hong Kong Equity ETFs — Top 10 Gainers (November 11, 2026)
Rank	Code	Name	Change (%)	Underlying Index	Manager
1	02811.HK	Value Partners Optical Communication Active ETF	8.39	—	Value Partners Hong Kong Limited
2	02813.HK	Value Partners Printed Circuit Board Active ETF	7.00	—	Value Partners Hong Kong Limited
3	03193.HK	CSOP Yinhua CSI 5G Communications Theme ETF	5.99	CSI 5G Communications Theme Index	CSOP Asset Management Limited
4	07234.HK	Bosera SZSE ChiNext Daily (2x) Leveraged Product	5.05	ChiNext Index (HKD) (CNH)	Bosera Asset Management (International) Co., Limited
5	03076.HK	Fubon ICE FactSet Taiwan Core Semiconductor Index ETF	4.91	ICE FactSet Taiwan Core Semiconductor 10% OTC Weight Cap Index (NTR)	Fubon Fund Management (Hong Kong) Limited
6	03119.HK	Global X Asia Semiconductor ETF	4.69	FactSet Asia Semiconductor Index (Net Total Return)	Mirae Asset Global Investments (Hong Kong) Limited
7	03486.HK	E Fund (HK) Solactive Asia Semiconductor Select Index ETF	4.12	—	E Fund Management (Hong Kong) Co., Limited
8	03499.HK	CSOP Solactive Asia AI Bottleneck Index ETF	4.11	—	CSOP Asset Management Limited
9	03516.HK	Bosera HKEX KRX Semiconductor Index ETF	4.07	—	Bosera Asset Management (International) Co., Limited
10	03132.HK	Samsung Bloomberg Global Semiconductor ETF	4.04	—	Samsung Asset Management (Hong Kong) Limited
Source/Compilation: Wind / NewTimeSpace, as of the close on November 11, 2026. Coverage: HKD-denominated equity ETFs listed in Hong Kong only.

On the downside, liquor led the declines. E Fund (HK) CSI Liquor Index ETF (03189.HK), managed by E Fund Management (Hong Kong) Co., Limited, fell 7.80%, the largest decline of the day, tracking the CSI Baijiu Index.

Gold miner and Asia broad-market themes pulled back sharply. E Fund (HK) Solactive Global Gold Miner Select Index ETF (02824.HK), managed by E Fund Management (Hong Kong) Co., Limited, fell 5.99% after gaining 2.95% on November 9; iShares Core MSCI AC Asia ex Japan Index ETF (03010.HK), managed by BlackRock Asset Management North Asia Limited, fell 3.58%, tracking the MSCI AC Asia ex Japan Index; Tracker Fund of Hong Kong (02800.HK), managed by Hang Seng Investment Management Limited, fell 3.33%, tracking the Hang Seng Index.

Hang Seng TECH and internet themes weakened. CMS Hang Seng Tech Index ETF (03423.HK), managed by CMS Asset Management (HK) Co., Limited, fell 2.05%, tracking the Hang Seng TECH Index; Samsung CSI China Dragon Internet ETF (02812.HK), managed by Samsung Asset Management (Hong Kong) Limited, fell 1.63%, tracking the Global China Internet Index; Ping An of China CSI HK Dividend ETF (03070.HK), managed by Ping An of China Asset Management (Hong Kong) Company Limited, fell 1.63%, tracking the CSI Hong Kong Dividend Index.

Resources and technology themes also declined. Global X Copper Miners ETF (03014.HK), managed by Mirae Asset Global Investments (Hong Kong) Limited, fell 1.59%; Global X China Cloud Computing ETF (02826.HK), managed by the same company, fell 1.56%, tracking the Solactive China Cloud Computing Index; ICBC UBS KraneShares KWEB CSI China Internet ETF (03102.HK), managed by ICBC UBS Asset Management (International) Company Limited, fell 1.54%, tracking the CSI China Internet Index.

Hong Kong Equity ETFs — Top 10 Losers (November 11, 2026)
Rank	Code	Name	Change (%)	Underlying Index	Manager
1	03189.HK	E Fund (HK) CSI Liquor Index ETF	-7.80	CSI Baijiu Index	E Fund Management (Hong Kong) Co., Limited
2	02824.HK	E Fund (HK) Solactive Global Gold Miner Select Index ETF	-5.99	—	E Fund Management (Hong Kong) Co., Limited
3	03010.HK	iShares Core MSCI AC Asia ex Japan Index ETF	-3.58	MSCI AC Asia ex Japan Index	BlackRock Asset Management North Asia Limited
4	02800.HK	Tracker Fund of Hong Kong	-3.33	Hang Seng Index	Hang Seng Investment Management Limited
5	03423.HK	CMS Hang Seng Tech Index ETF	-2.05	Hang Seng TECH Index	CMS Asset Management (HK) Co., Limited
6	02812.HK	Samsung CSI China Dragon Internet ETF	-1.63	Global China Internet Index	Samsung Asset Management (Hong Kong) Limited
7	03070.HK	Ping An of China CSI HK Dividend ETF	-1.63	CSI Hong Kong Dividend Index	Ping An of China Asset Management (Hong Kong) Company Limited
8	03014.HK	Global X Copper Miners ETF	-1.59	—	Mirae Asset Global Investments (Hong Kong) Limited
9	02826.HK	Global X China Cloud Computing ETF	-1.56	Solactive China Cloud Computing Index (Net Total Return)	Mirae Asset Global Investments (Hong Kong) Limited
10	03102.HK	ICBC UBS KraneShares KWEB CSI China Internet ETF	-1.54	CSI China Internet Index	ICBC UBS Asset Management (International) Company Limited
Source/Compilation: Wind / NewTimeSpace, as of the close on November 11, 2026. Coverage: HKD-denominated equity ETFs listed in Hong Kong only.

Among Southbound (Stock Connect) ETFs, AI and HK-Korea technology edged up while Hang Seng TECH themes fell collectively.

The top five gainers were: E Fund (HK) FTSE AI Select Index ETF (03489.HK), up 2.07% to lead; CSOP FTSE HK-Korea Tech+ Index ETF (03431.HK), up 0.87%; CSOP FTSE Asia Tech and Dividend Index ETF (03473.HK), up 0.79%; CSOP Nomura FTSE HK-Japan Equity Cash Flow Focus Index ETF (03535.HK), up 0.13%; and Bosera China Reform Hong Kong Central-SOEs High Dividend Yield Index ETF (03437.HK), up 0.10%.

The top five decliners were: CMS Hang Seng Tech Index ETF (03423.HK), down 2.05% to lead; ChinaAMC Hang Seng Tech ETF (03088.HK), down 1.44%; Global X Hang Seng TECH ETF (02837.HK), down 1.41%; CSOP Hang Seng Tech Index ETF (03033.HK), down 1.35%; and Hang Seng China Enterprises Index ETF (02828.HK), down 1.16%. All four Hang Seng TECH products fell more than 1.3%.

Southbound (Stock Connect) ETFs — Gainers and Losers (November 11, 2026)
Rank	Code	Name	Change	Underlying Index	Manager
Gain 1	03489.HK	E Fund (HK) FTSE AI Select Index ETF	2.07	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	0.87	—	CSOP Asset Management Limited
Gain 3	03473.HK	CSOP FTSE Asia Tech and Dividend Index ETF	0.79	—	CSOP Asset Management Limited
Gain 4	03535.HK	CSOP Nomura FTSE HK-Japan Equity Cash Flow Focus Index ETF	0.13	—	CSOP Asset Management Limited
Gain 5	03437.HK	Bosera China Reform Hong Kong Central-SOEs High Dividend Yield Index ETF	0.10	China Reform HK Central-SOEs High Dividend Index	Bosera Asset Management (International) Co., Limited
Loss 5	02828.HK	Hang Seng China Enterprises Index ETF	-1.16	Hang Seng China Enterprises Index	Hang Seng Investment Management Limited
Loss 4	03033.HK	CSOP Hang Seng Tech Index ETF	-1.35	Hang Seng TECH Index	CSOP Asset Management Limited
Loss 3	02837.HK	Global X Hang Seng TECH ETF	-1.41	Hang Seng TECH Index	Mirae Asset Global Investments (Hong Kong) Limited
Loss 2	03088.HK	ChinaAMC Hang Seng Tech ETF	-1.44	Hang Seng TECH Index	China Asset Management (Hong Kong) Limited
Loss 1	03423.HK	CMS Hang Seng Tech Index ETF	-2.05	Hang Seng TECH Index	CMS Asset Management (HK) Co., Limited
Source/Compilation: Wind / NewTimeSpace, as of the close on November 11, 2026. Coverage: HKD-denominated equity ETFs listed in Hong Kong only.

Data from NewTimeSpace Research Institute shows that the market combined continued strength in technology hardware with a deep pullback in consumer and resources themes on November 11. Gains were driven by optical communication, PCB, 5G, ChiNext, semiconductor and AI bottleneck directions, with all ten gainers in technology and semiconductors and none up less than 4.04%; Value Partners Optical Communication Active ETF and Value Partners Printed Circuit Board Active ETF rose 19.48% and 13.72% respectively over two sessions. Declines were concentrated in liquor, gold miners, Asia broad-market and Hang Seng TECH directions, with E Fund (HK) CSI Liquor Index ETF down 7.80% and E Fund (HK) Solactive Global Gold Miner Select Index ETF down 5.99%. The gap between the two ends exceeded 16.1 percentage points. On the Southbound side, AI and HK-Korea technology edged up while Hang Seng TECH themes fell collectively, in line with the overall market direction.

HK Shares ETFs Daily Report Value Partners Optical Communication Active ETF E Fund (HK) CSI Liquor Index ETF