ETF Afternoon Review | The Yinhua ICBCCS CSOP S&P China New Economy Industry ETF surged over 6%, the Hong Kong Innovative Drugs Sector is performing well, and the Hwabao WP CSI Medical Service ETF and the Hong Kong Stock Connect CSI Health Care ETF rose o

On March 27, according to Gelonghui, the three major A-share indexes opened lower but rose in the morning session. As of the midday break, the Shanghai Composite Index increased by 0.31%, the Shenzhen Composite Index by 0.42%, and the Chinext Price Index by 0.49%, while the North Stock 50 Index fell by 0.09%. The total market turnover for half a day reached 798.7 billion yuan, an increase of 52.4 billion yuan from the previous day. Over 2,000 individual stocks in the market rose. In terms of sectors, the Chemical, Semiconductors, and CRO sectors saw the largest gains, while Offshore Equipment and Industrial Metals concept stocks recorded substantial declines. In the ETF sector, the Yinhua ICBCCS CSOP S&P China New Economy Industry ETF and the Southern Fund Yangtze River Protection Theme ETF surged by 6.59% and 5.47%, respectively, with the latest premiums and discounts at 6.26% and 4.74%. The Innovative Drugs sector in the Hong Kong stock market rose across the board, with the Fidelity Fund Hang Seng Medical ETF, Hong Kong Stock Connect Innovative Drugs ETF, and Invesco Great Wall Hong Kong Innovative Drugs 50 ETF gaining 4.35%, 4.34%, and 4.17%, respectively. The consumption sector in the Hong Kong stock market also performed well, with the Hang Seng Cons Stap ETF from Huatai-Pb and Invesco Great Wall Fund Hang Seng Cons Stap ETF rising by 2.99% and 2.96%, respectively. The Star sector showed active performance, with the Wanjia Fund Star Growth ETF and GF Fund Star Momentum Growth ETF increasing by 2.62% and 2.48%, respectively. In overnight trading, US stocks fell across the board, with the S&P 500 ETF, S&P Cons Stap ETF, and Nasdaq Technology ETF declining by 3.03%, 2.98%, and 2.59%, respectively. The German DAX30 Index dropped by 1.16%, and the DEGUO30 fell by 1.93%.