ETF Morning Review | Shanghai Composite Index surges then pulls back, semiconductor sector leads the gains, integrated circuit ETF Guotai up 2.7%

Gelonghui April 7 | As of midday trading, the Shanghai Composite Index rose 0.03%, the Shenzhen Component Index fell 0.2%, the ChiNext Index fell 0.46%, and the Beijing Stock Exchange 50 Index fell 0.06%. The total turnover across the market was 1.08T yuan, down by 1 billion yuan from the previous trading day. In terms of sector themes, glyphosate, hogs, and organic silicon sectors led the gains; banks and insurance sectors led the declines.

Today, Hong Kong stocks, semiconductors, agriculture & animal husbandry breeding, and energy & chemical sectors strengthened against the trend, with related ETFs posting notable gains:

Hong Kong stocks sector: ChinaAMC Hang Seng TECH? Hang Seng? 100 ETF? (513900) surged 3.20%, and ChinaAMC Hong Kong Stock Connect ETF? ? (513990) rose 2.25%. Semiconductors sector: Guotai Integrated Circuit ETF (159546) rose 2.71%, Allianz Global Investors? (588780) rose 2.33%, and the semiconductor industrial chain strengthened in tandem. Agriculture & animal husbandry breeding sector: Southern Agriculture & Animal Husbandry ETF (159173) rose 2.56%, GF Agriculture & Animal Husbandry Breeding ETF (512450) rose 2.35%, ChinaAMC Breeding ETF Guotai (159865) rose 2.33%, China Life? CCB? Agriculture & Animal Husbandry ETF (159616) rose 2.24%, and the breeding and agriculture & animal husbandry sectors broke out collectively.

Energy & chemicals sector: Huaxia Petrochemical ETF (159731) rose 2.53%, and China Life? ? Energy & Chemical ETF (159981) rose 2.30%, with the energy & chemicals industrial chain strengthening in tandem.

Today, medicine, machinery, military, communications, and other sectors pulled back slightly, and the related ETFs saw declines:

Biopharmaceutical sector: Guotai Innovation Drugs ETF (589720) fell 2.03%, Harvest? ChiNext? Biopharmaceutical ETF (588700) fell 1.24%, and the biopharmaceutical sector lagged. Construction machinery and growth sector: Guangfa Construction Machinery ETF (560280) fell 1.98%, Bose? Large-cap Growth ETF (159203) fell 1.39%, as growth style assets weakened.

Military and satellite communication sector: Huaxia Aerospace & Defense ETF (159227) fell 1.38%, Yongying Satellite ETF (159206) fell 1.27%, with the defense and satellite themes pulling back in sync. Communications and quality dividend sector: Foch? Communication ETF (159583) fell 1.23%, Guotai CSI? Communication ETF (515880) fell 1.17%, Huaxia Dividend Quality ETF (159758) fell 1.14%, and Guotai Power Grid Equipment ETF (561380) fell 1.12%, as communications, dividends, and power grid sectors weakened slightly.

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