On August 23, Gelonghui reported that the three major A-share indexes fluctuated and rebounded. As of the close, the Shanghai Composite Index rose by 0.20%, the Shenzhen Component Index rose by 0.24%, the ChiNext Price Index rose by 0.02%, and the Northbound 50 Index fell by 0.70%. The total trading volume of the two cities was 510.2 billion yuan, a decrease of 38.9 billion yuan from the previous day. Over 3200 stocks in the two markets fell. On the market, the battery, lithium, and clothing and home textiles sectors led the declines, while the online car-hailing and pharmaceutical sectors declined. The Huawei industry chain boomed, and stocks related to the western development concept rose at the close. In terms of ETFs, the large financial sector rose, with Huafu Fund Securities ETF Pioneer and E Fund Securities and Insurance ETF rising by 4.08% and 1.93% respectively. The household appliances sector remained strong throughout the day, with Bosera Fund Leading Household Appliances ETF and GF Fund Leading Household Appliances ETF rising by 2.73% and 2.54% respectively. The Huawei industry chain surged, with Jiashi Fund Software ETF and Guotai Fund Software ETF both rising by 2%. The innovative pharmaceutical sector deepened its losses in the afternoon, with Hong Kong Stock Connect Innovative Drugs ETF and Hong Kong Stock Innovative Drugs ETF falling by 2.86% and 2.38% respectively. Overnight U.S. stocks fell, with the S&P Biotechnology ETF dropping by 1.46%. Hong Kong-listed network technology stocks performed poorly, with the Hang Seng Internet Plus-Related ETF falling by 1.45%.