ETF Afternoon Review | The Hong Kong stock innovative drugs Sector has a huge explosion, with the Yinhua CSI Innovative Drugs Industry ETF from ICBC up over 5%.

On May 20th, according to Gelonghui, the three major A-share indices rose collectively in the morning. By lunchtime, the Shanghai Composite Index was up 0.38%, the Shenzhen Component Index was up 0.79%, the GEM was up 1.04%, and the Beijing Stock Exchange 50 Index was up 1.37%. The total trading volume of the All Market in half a day was 752.2 billion yuan, an increase of 23.9 billion yuan compared to the previous day. 3,600 stocks in the All Market rose. In terms of sectors, beauty and personal care, The Pet Economy, innovative drugs, and IP economy sectors led the gains; while port shipping and Chemical Fiber sectors led the declines. In terms of ETFs, the Hong Kong innovative drug sector surged, with the Hong Kong Stock Connect Innovative Drug ETFs from Industrial and Commercial Bank, Invesco Great Wall Fund Hong Kong Innovative Drug 50 ETF, and GF Fund Hong Kong Innovative Drug ETF rising by 5.23%, 4.98%, and 4.83% respectively. The sci-tech pharmaceutical sector responded positively, with the Industrial and Commercial Bank RuiXin Fund Sci-tech Pharmaceutical ETF and Penghua Fund Sci-tech Biomedicine ETF rising by 2.55% and 2.5% respectively. The military sector corrected, with the Fullgoal CSI Military Top ETF, SSE High-End Equipment Manufacturing 60 Index ETF, and Penghua CSI Defense ETF rising by 1.29%, 0.98%, and 0.9% respectively. The chemical sector corrected as well, with the Energy and chemical industry ETF falling by 0.53%.