ETF Review | The military sector leads the rise, with the Penghua CSI Defense ETF and Fullgoal CSI Military Top ETF both rising over 2%.

On March 7, Gelonghui reported that the three major indices of A-shares adjusted collectively today. By the close, the Shanghai Composite Index fell 0.25%, the Shenzhen Composite Index fell 0.50%, the Chinext Price Index fell 1.31%, and the CNI Xiangmi Lake Fintech Index fell 0.49%. The total turnover of the All Market was 1,861.6 billion yuan, a decrease of 91.6 billion yuan from the previous day. Over 3,500 individual stocks in the All Market were in the red. In terms of sectors, Nonferrous Metals, Coal, Construction Machinery, and AI Asia Vets sectors were among the top gainers, while Large Finance, Real Estate, and Solid State Battery sectors faced significant losses. In the ETF space, the military sector led the gains, with the Penghua CSI Defense ETF and Fullgoal CSI Military Top ETF rising 2.52% and 2.13%, respectively. The Non-ferrous sector strengthened, with the Cathay Nonferrous Metals 60 ETF and Wanjia Industrial Non-ferrous ETF rising 1.83% and 1.77%, respectively. The Construction Machinery sector increased, with the Dacheng Construction Machinery ETF up 1.77%. Baijiu(Chinese Liquor) stocks rebounded, with the Penghua CSI Alcoholic Drink ETF rising 1.66%. US stocks declined overnight, with the S&P Consumer Staples ETF, Nasdaq Index ETF, and China Merchants Fund Nasdaq 100 ETF falling 3.57%, 2.48%, and 2.48%, respectively, with the latest premium/discount rates at 19.77%, 1.65%, and 1.51%. The CNI Xiangmi Lake Fintech Index sector decreased, and the Fintech ETF fell 2.5%.