ETF Afternoon Review | Some cross-border ETFs have risen, with the S&P 500 ETF up 4%.

On May 22, Gelonghui reported that the three major A-share indexes showed mixed results in early trading. By noon, the Shanghai Composite index was flat, the Shenzhen Component index fell by 0.28%, the GEM index dropped by 0.44%, and the Bei Zheng 50 Index fell by 4.38%. The All Market half-day turnover was 745.7 billion yuan, a decrease of 33.2 billion yuan compared to the previous day. Among the 4,200 stocks in the All Market, most were in the red. In terms of sectors, military industry, banking, and Big Plane sectors led the gains, while Solid State Battery and The Pet Economy sectors experienced the biggest losses. In the ETF sector, some cross-border ETFs rose, with Cathay Fund S&P 500 ETF, Cathay Fund MSCI ESG ETF, and Invesco Great Wall Fund S&P Cons Stap ETF increasing by 4%, 1.96%, and 1.58%, respectively. The Hong Kong stock market saw active performance in the Autos sector, with Huaxia Fund Hong Kong Stock Connect Autos ETF and GF Fund Hong Kong Stock Autos ETF increasing by 1.55% and 1.36%, respectively. The gaming sector rose, with Huaxia Fund Gaming ETF gaining 1.19%. The military industry sector rebounded, with Huaxia Fund Aerospace ETF gaining 1.11%. The Yangtze River Protection Theme ETF experienced a significant drop of 3.42%, with the latest premium discount rate at -3.11%. International oil prices fell, leading to a 2% drop in two S&P Oil and Gas ETFs. Small-cap stocks declined, with the CNI 2000 Index ETF falling by 1.95%. The Solid State Battery sector corrected, with both battery ETF and battery ETF funds dropping by 1.6%.