Shares within Hong Kong's storage technology sector are witnessing widespread weakness on Wednesday.

CSOP 2X Leveraged SK Hynix ETF saw its intraday price drop by more than 15%, while the CSOP 2X Leveraged Samsung Electronics ETF fell over 12% during the session.

Other related stocks also faced significant selling pressure. MONTAGE TECH and GIGADEVICE shares both declined by nearly 6%. VSTECS shares dropped by more than 4%.