ETF Market Review | The AI application and semiconductor sectors surged in the afternoon, with the Harvest Sci-Tech Innovation Composite ETF hitting a '20CM' limit-up at the close.

On July 25, Glonghui reported that the three major A-share indexes collectively fell today. By the close, the Shanghai Composite Index declined by 0.33%, the Shenzhen Component Index fell by 0.22%, and the GEM Index was down by 0.23%. The BESE50 Index rose by 0.52%, with a total trading volume of 1,815.5 billion yuan in the Shanghai, Shenzhen, and Beijing markets, a decrease of 58.4 billion yuan compared to the previous day. Over 2,700 individual stocks in the All Market declined. In terms of sectors, the lithography machine, semiconductor, AI application, Medical Devices, and cloud computing sectors saw the largest gains; meanwhile, the hydropower, Hainan Free Trade Zone, liquor, diversified finance, and controlled nuclear fusion sectors experienced the biggest declines. In terms of ETFs, funds returned to technology stocks, with striking performance in the AI application and chip Industry Chain. The Kexin Composite Index ETF from Harvest Investment reached a '20CM' limit up at the close, with a latest premium/discount rate of 17.52%. The Hua Bao Kexin Artificial Intelligence ETF, Bosera Funds Kexin AI ETF, AIETF from Fuguo, and E Fund Kexin Artificial Intelligence ETF rose by 4.81%, 4.7%, 4.6%, and 4.6% respectively. The semiconductor sector followed upward, with the Guolian Anfund Kexin Chip Design ETF, Fuguo's Kexin Chip ETF, and Guotai's Kexin Chip ETF all rising over 3%. The cyclicals saw a general retreat, with Cement, machinery, and coal sectors declining the most, while the infrastructure ETF and building materials ETF from E Fund fell by 3.06% and 2.63% respectively. In Hong Kong, Network Technology stocks pulled back, with the Hang Seng Internet Technology ETF and Hang Seng Internet ETF down by 2.32% and 2.11% respectively.