Midday ETF Review | The CSI Cons Stap ETF rose more than 4%, with the photovoltaic sector rebounding; the HT-PB CSI PTVT IDT ETF and the photovoltaic index funds gained 2%.

Gelonghui, August 1 | The three major A-share indices collectively closed lower. By the close of trading, the Shanghai Composite Index fell 0.19%, the Shenzhen Component Index fell 0.15%, and the GEM Index fell 0.16%. The BSE 50 Index rose 0.11%. The combined trading volume of the Shanghai, Shenzhen, and Beijing markets was RMB 1008.1 billion, a decrease of RMB 149.7 billion from the previous day. Over 2,100 stocks declined. In terms of sector performance, the traditional Chinese medicine and photovoltaic equipment sectors rose, while the military and film and cinema sectors adjusted. In the ETF market, the Guangfa Fund CSI Cons Stap ETF experienced a discount fall in the last trading session, but rebounded to close up 4.59% at midday today. The photovoltaic sector saw a significant rebound, with the Guangfa HT-PB CSI PTVT IDT ETF, Huana HT-PB CSI PTVT IDT ETF, and Guotai HT-PB CSI PTVT IDT ETF rising 2.32%, 2.11%, and 1.94% respectively. The traditional Chinese medicine sector performed well, with the Yinhua CSI TCM 50 ETF and Huitianfu CSI TCM ETF rising 2.16% and 2.07% respectively. Overnight, oil prices fell, leading the ZIYUANETF to decline by 3.77%. South Korea's stock market also fell, with the Penghua Guozheng Semiconductor Chip ETF dropping 2.55%. The computing power sector retreated, with the Guotai CSI All Share Communication Equipment ETF and 5GETF falling 2.00% and 1.74% respectively. Cross-border ETFs were all in the red, with the US 50 ETF, Huaan France CAC40 ETF(QDII), and DEGUO30 declining 1.83%, 1.80%, and 1.76% respectively.