ETF Market Review | The Credit Innovation ETF retracts its premium, falling by 5%, while Network Technology stocks on the Hong Kong stock market show a decline, with the Hang Seng Internet ETF dropping by 2.77%.

On May 30, Gelonghui reported that the three major indices of A-shares collectively declined today. By the end of trading, the Shanghai Composite Index fell by 0.47%, the Shenzhen Component Index dropped 0.85%, the GEM Index fell 0.96%, and the Beijing Stock Exchange 50 Index decreased by 0.50%. The total turnover in the All Market was 1164.2 billion yuan, a reduction of 49.2 billion yuan compared to the previous day. Over 4,100 individual stocks in the All Market were in the red. In terms of sectors, new drugs, Farming, and military equipment led the gains; controlled nuclear fusion and humanoid robots saw significant declines. In the ETF sector, the Ping An Fund Bay Area ETF saw a sudden increase of 2.26%, with the latest premium/discount rate at 3.17%. The Farming sector remained strong throughout the day, with the Ping An Fund Farming ETF and the E Fund Agricultural ETF, and the Penghua Fund Animal Husbandry ETF each rising by 1.91%. Gold prices rebounded, with the BOC Shanghai Gold ETF and the GDF Shanghai Gold ETF increasing by 1.01% and 1% respectively. The Xin Chuang ETF gave back its premium from yesterday, declining by 5.19%. Hong Kong's Network Technology stocks fell across the board, with the Hang Seng Internet ETF, E Fund CSI Overseas China Internet 50 ETF, and the Hang Seng Internet ETF dropping 2.77%, 2.75%, and 2.7% respectively. Automobile stocks weakened, with the Smart Automobile ETF and the Automobile Parts ETF falling by 2.61% and 2.42% respectively.