HK shares ETFs Daily Report: E Fund (HK) CSI Liquor Index ETF Rebounds 4.76% to Lead as Technology Hardware Pulls Back — November 12, 2026

NewTimeSpace · 2026/11/12 16:50 · By Jiayi Sun

On November 12, 2026, liquor staged a reversal in the Hong Kong ETF market while technology hardware pulled back broadly. E Fund (HK) CSI Liquor Index ETF (03189.HK) rose 4.76% to lead just one day after a 7.80% slide, with no top-ten gain exceeding 4.76%; Bosera SZSE ChiNext Daily (2x) Leveraged Product (07234.HK) fell 5.10% to lead decliners, with no top-ten loss smaller than 2.69%, and only two of 41 Southbound (Stock Connect) ETFs rose.

Key Highlights:

STAR Market and India products made up much of the gainers list: CSOP STAR 50 Index ETF (03109.HK) at 1.73%, Bosera STAR 50 ETF (02832.HK) at 0.84%, Harvest STAR Chip ETF (03559.HK) at 1.26%, iShares Core S&P BSE SENSEX India ETF (02836.HK) at 2.19% and ChinaAMC MSCI India ETF (03404.HK) at 0.82%.
The reversal was sharpest in the leveraged and PCB products: Value Partners Printed Circuit Board Active ETF (02813.HK) fell 4.39% after gains of 6.36% and 7.00% on November 10 and 11, while Bosera SZSE ChiNext Daily (2x) Leveraged Product fell 5.10% after rising 5.05% the previous day.
Of 41 Southbound products, only Value Partners HK-US Dividend Low Volatility ETF (03488.HK) at 0.12% and ChinaAMC Hang Seng Biotech ETF (03069.HK) at 0.07% rose, with CSOP FTSE ETF Connect East-West Succession Equity Select Index ETF (03441.HK) flat and 38 falling; four Hang Seng TECH products lost more than 2.4%.

On November 12, 2026, liquor reversed to lead the Hong Kong ETF market while technology hardware pulled back broadly. Liquor, semiconductor, India, innovative finance, STAR 50 and blockchain directions topped the gainers, with gains modest overall and the largest at 4.76%. On the downside, ChiNext, PCB, robotics AI, pioneer technology, Taiwan semiconductor, gold miner and HK-Korea technology directions eased broadly, with the largest loss at 5.10%. Among Southbound (Stock Connect) ETFs, only two of 41 products rose, with Hang Seng TECH themes falling collectively.

Leadership came from liquor. E Fund (HK) CSI Liquor Index ETF (03189.HK), managed by E Fund Management (Hong Kong) Co., Limited, rose 4.76% to top the gainers list, tracking the CSI Baijiu Index; the same ETF had led the decliners on November 11 with a 7.80% drop.

Semiconductor and India themes edged up. Global X China Semiconductor ETF (03191.HK), managed by Mirae Asset Global Investments (Hong Kong) Limited, rose 2.47%, tracking the FactSet China Semiconductor Index; iShares Core S&P BSE SENSEX India ETF (02836.HK), managed by BlackRock Asset Management North Asia Limited, rose 2.19%, tracking the S&P BSE SENSEX 50 Index; ChinaAMC MSCI India ETF (03404.HK), managed by China Asset Management (Hong Kong) Limited, rose 0.82%.

Innovative finance and STAR 50 themes also performed. Global X Innovative Finance ETF (03185.HK), managed by Mirae Asset Global Investments (Hong Kong) Limited, rose 1.83%; CSOP STAR 50 Index ETF (03109.HK), managed by CSOP Asset Management Limited, rose 1.73%; Bosera STAR 50 ETF (02832.HK), managed by Bosera Asset Management (International) Co., Limited, rose 0.84%, both tracking the STAR 50 Index; Harvest STAR Chip ETF (03559.HK), managed by Harvest Global Investments Limited, rose 1.26%, tracking the SSE STAR Chip Index.

In addition, Samsung Blockchain Technologies ETF (03171.HK), managed by Samsung Asset Management (Hong Kong) Limited, rose 1.17%; CSOP Saudi Arabia ETF (02830.HK), managed by CSOP Asset Management Limited, rose 0.77%, tracking the FTSE Saudi Arabia Index.

Hong Kong Equity ETFs — Top 10 Gainers (November 12, 2026)
Rank	Code	Name	Change (%)	Underlying Index	Manager
1	03189.HK	E Fund (HK) CSI Liquor Index ETF	4.76	CSI Baijiu Index	E Fund Management (Hong Kong) Co., Limited
2	03191.HK	Global X China Semiconductor ETF	2.47	FactSet China Semiconductor Index (Net Total Return)	Mirae Asset Global Investments (Hong Kong) Limited
3	02836.HK	iShares Core S&P BSE SENSEX India ETF	2.19	S&P BSE SENSEX 50 Index	BlackRock Asset Management North Asia Limited
4	03185.HK	Global X Innovative Finance ETF	1.83	—	Mirae Asset Global Investments (Hong Kong) Limited
5	03109.HK	CSOP STAR 50 Index ETF	1.73	STAR 50 Index	CSOP Asset Management Limited
6	03559.HK	Harvest STAR Chip ETF	1.26	SSE STAR Chip Index	Harvest Global Investments Limited
7	03171.HK	Samsung Blockchain Technologies ETF	1.17	—	Samsung Asset Management (Hong Kong) Limited
8	02832.HK	Bosera STAR 50 ETF	0.84	STAR 50 Index	Bosera Asset Management (International) Co., Limited
9	03404.HK	ChinaAMC MSCI India ETF	0.82	—	China Asset Management (Hong Kong) Limited
10	02830.HK	CSOP Saudi Arabia ETF	0.77	FTSE Saudi Arabia Index (Riyal) (Net Total Return)	CSOP Asset Management Limited
Source/Compilation: Wind / NewTimeSpace, as of the close on November 12, 2026. Coverage: HKD-denominated equity ETFs listed in Hong Kong only.

On the downside, the ChiNext leveraged product led the declines. Bosera SZSE ChiNext Daily (2x) Leveraged Product (07234.HK), managed by Bosera Asset Management (International) Co., Limited, fell 5.10%, the largest decline of the day, after rising 5.05% on November 11.

PCB and robotics AI themes pulled back sharply. Value Partners Printed Circuit Board Active ETF (02813.HK), managed by Value Partners Hong Kong Limited, fell 4.39% after gains of 6.36% and 7.00% on November 10 and 11; Global X China Robotics and AI ETF (02807.HK), managed by Mirae Asset Global Investments (Hong Kong) Limited, fell 3.42%, tracking the FactSet China Robotics and AI Index.

Pioneer technology and ChiNext themes fell in tandem. CSOP Hang Seng Pioneer Technology Index ETF (03149.HK), managed by CSOP Asset Management Limited, fell 3.01%, tracking the Hang Seng Pioneer Technology Index; CSOP SZSE ChiNext ETF (03147.HK), managed by the same company, fell 3.01%, tracking the ChiNext Index.

Taiwan semiconductor and HK-Korea technology themes weakened broadly. Fubon ICE FactSet Taiwan Core Semiconductor Index ETF (03076.HK), managed by Fubon Fund Management (Hong Kong) Limited, fell 3.00%, tracking the ICE FactSet Taiwan Core Semiconductor 10% OTC Weight Cap Index; CSOP FTSE HK-Korea Tech+ Index ETF (03431.HK), managed by CSOP Asset Management Limited, fell 2.93%; Xtrackers MSCI Taiwan UCITS ETF (03036.HK), managed by DWS Investment S.A., fell 2.73%; Premia FTSE TWSE Taiwan 50 ETF (03453.HK), managed by Premia Partners Company Limited, fell 2.69%, tracking the FTSE TWSE Taiwan 50 Index (30% Capped).

In addition, E Fund (HK) Solactive Global Gold Miner Select Index ETF (02824.HK), managed by E Fund Management (Hong Kong) Co., Limited, fell 2.93%.

Hong Kong Equity ETFs — Top 10 Losers (November 12, 2026)
Rank	Code	Name	Change (%)	Underlying Index	Manager
1	07234.HK	Bosera SZSE ChiNext Daily (2x) Leveraged Product	-5.10	ChiNext Index (HKD) (CNH)	Bosera Asset Management (International) Co., Limited
2	02813.HK	Value Partners Printed Circuit Board Active ETF	-4.39	—	Value Partners Hong Kong Limited
3	02807.HK	Global X China Robotics and AI ETF	-3.42	FactSet China Robotics and AI Index (Net Total Return)	Mirae Asset Global Investments (Hong Kong) Limited
4	03149.HK	CSOP Hang Seng Pioneer Technology Index ETF	-3.01	Hang Seng Pioneer Technology Index (NTR)	CSOP Asset Management Limited
5	03147.HK	CSOP SZSE ChiNext ETF	-3.01	ChiNext Index	CSOP Asset Management Limited
6	03076.HK	Fubon ICE FactSet Taiwan Core Semiconductor Index ETF	-3.00	ICE FactSet Taiwan Core Semiconductor 10% OTC Weight Cap Index (NTR)	Fubon Fund Management (Hong Kong) Limited
7	02824.HK	E Fund (HK) Solactive Global Gold Miner Select Index ETF	-2.93	—	E Fund Management (Hong Kong) Co., Limited
8	03431.HK	CSOP FTSE HK-Korea Tech+ Index ETF	-2.93	—	CSOP Asset Management Limited
9	03036.HK	Xtrackers MSCI Taiwan UCITS ETF	-2.73	—	DWS Investment S.A.
10	03453.HK	Premia FTSE TWSE Taiwan 50 ETF	-2.69	FTSE TWSE Taiwan 50 Index (30% Capped)	Premia Partners Company Limited
Source/Compilation: Wind / NewTimeSpace, as of the close on November 12, 2026. Coverage: HKD-denominated equity ETFs listed in Hong Kong only.

Among the 41 Southbound (Stock Connect) ETFs, only two rose, one closed flat and 38 declined, with Hang Seng TECH themes falling collectively and the direction of declines broadly in line with the overall market.

The two gainers were Value Partners HK-US Dividend Low Volatility ETF (03488.HK), up 0.12%, and ChinaAMC Hang Seng Biotech ETF (03069.HK), up 0.07%; CSOP FTSE ETF Connect East-West Succession Equity Select Index ETF (03441.HK) closed flat.

The top five decliners were: CSOP FTSE HK-Korea Tech+ Index ETF (03431.HK), down 2.93% to lead; Hang Seng TECH Index ETF (03032.HK), down 2.58%; ChinaAMC Hang Seng Tech ETF (03088.HK), down 2.53%; CSOP Hang Seng Tech Index ETF (03033.HK), down 2.48%; and iShares Hang Seng TECH ETF (03067.HK), down 2.47%. All four Hang Seng TECH products fell more than 2.4%.

Southbound (Stock Connect) ETFs — Gainers and Losers (November 12, 2026)
Rank	Code	Name	Change	Underlying Index	Manager
Gain 1	03488.HK	Value Partners HK-US Dividend Low Volatility ETF	0.12	CCX HK-US Dividend Low Volatility Index (HKD, Net Return)	Value Partners Hong Kong Limited
Gain 2	03069.HK	ChinaAMC Hang Seng Biotech ETF	0.07	Hang Seng Biotech Index	China Asset Management (Hong Kong) Limited
Flat	03441.HK	CSOP FTSE ETF Connect East-West Succession Equity Select Index ETF	0.00	FTSE ETF Connect East-West Succession Equity Select Index (Net Total Return)	CSOP Asset Management Limited
Loss 5	03067.HK	iShares Hang Seng TECH ETF	-2.47	Hang Seng TECH Index	BlackRock Asset Management North Asia Limited
Loss 4	03033.HK	CSOP Hang Seng Tech Index ETF	-2.48	Hang Seng TECH Index	CSOP Asset Management Limited
Loss 3	03088.HK	ChinaAMC Hang Seng Tech ETF	-2.53	Hang Seng TECH Index	China Asset Management (Hong Kong) Limited
Loss 2	03032.HK	Hang Seng TECH Index ETF	-2.58	Hang Seng TECH Index	Hang Seng Investment Management Limited
Loss 1	03431.HK	CSOP FTSE HK-Korea Tech+ Index ETF	-2.93	—	CSOP Asset Management Limited
Source/Compilation: Wind / NewTimeSpace, as of the close on November 12, 2026. Coverage: HKD-denominated equity ETFs listed in Hong Kong only.

Data from NewTimeSpace Research Institute shows that the market's direction reversed from the previous session on November 12. The optical communication, PCB and semiconductor directions that led on November 11 pulled back broadly, with Value Partners Printed Circuit Board Active ETF swinging from a 7.00% gain to a 4.39% loss and Value Partners Optical Communication Active ETF dropping out of the gainers list, while E Fund (HK) CSI Liquor Index ETF moved from leading the declines at -7.80% to topping the gainers at 4.76%. Gains were driven by liquor, semiconductor, India and STAR 50 directions, with no top-ten gain above 4.76%; declines were concentrated in ChiNext, PCB, robotics AI, Taiwan semiconductor and HK-Korea technology directions, with no top-ten loss smaller than 2.69%. On the Southbound side, only two of 41 products rose, one closed flat and 38 fell, with Hang Seng TECH themes down collectively, in line with the overall market direction.

HK Shares ETFs Daily Report E Fund (HK) CSI Liquor Index ETF Bosera Szse Chinext Daily (2x) Leveraged Product