ETF Market Review | The software sector led the declines, with the Software Index ETF and the Information Technology Innovation ETF both falling by 3%.

Gelonghui, August 8th | The three major A-share indices collectively closed lower. At the close, the SSE Composite Index fell 0.12%, the Shenzhen Component Index fell 0.26%, and the GEM Index fell 0.38%. The BSE 50 Index dropped by 1.22%. The total trading volume in the Shanghai, Shenzhen, and Beijing markets was RMB 1736.3 billion, a decrease of RMB 116.2 billion from the previous day. Over 2,400 stocks across the two markets rose. AI applications, semiconductors, PEEK materials, and Robotics concepts saw a pullback, while Xinjiang revitalization, super hydropower stations, large-scale infrastructure in the west, photovoltaics, lithium mining, innovative drugs, and stablecoin themes were active. ERP Concept and Huawei Euler sectors adjusted. In ETFs, the construction materials and infrastructure sectors saw their gains expand in the afternoon. The Yi Fang Da Construction Materials ETF, Yinhua Funds Infrastructure ETF, and ChinaAMC Infrastructure 50 ETF rose 2.18%, 2.05%, and 2.04% respectively. The photovoltaic sector rallied in the afternoon, with the HT-PB CSI PTVT IDT ETF and Huaan New Energy 50ETF rising 2.05% and 1.74% respectively. Japanese stocks rose, with the ChinaAMC Nomura N225 ETF(QDII) and Huaan MUFG N225 ETF(QDII) both rising 1.7%. The software sector led the decline throughout the day, with the Software Index ETF and Information Technology ETF both falling 3%. The AI application sector weakened, with the E Fund Artificial Intelligence ETF and E Fund Artificial Intelligence ETF falling 2.81% and 2.78% respectively.