ETF Midday Review | Liquor stocks have led gains for two consecutive days; strong sectors are experiencing a pullback, with the Liquor ETF rising by 2.53%, the Hang Seng Healthcare ETF declining by nearly 5%, and the Cloud 50 ETF falling by 3%.

Gelonghui, August 20 | The three major indices of A-shares closed collectively lower. By the lunch break, the Shanghai Composite Index was down 0.05%, the Shenzhen Component Index fell 0.66%, the ChiNext Index dropped 1.71%, and the Beijing Stock Exchange 50 Index decreased by 0.39%. The total trading volume in the Shanghai, Shenzhen, and Beijing markets reached 1.535 trillion yuan, a decrease of 143 billion yuan compared to the previous day. Over 3,400 stocks across the market declined. In terms of sectors, liquor, small metals, tourism, and hotel concepts saw gains, while Huawei's Pangu and the film and television theater sectors underwent adjustments. In the ETF segment, the liquor sector led gains for the second consecutive day, with Penghua Fund's liquor ETF rising by 2.53%, and Yinhua Fund's food ETF and Tianhong's food and beverage ETF increasing by 1.46% and 1.38%, respectively. Automotive stocks performed actively, with Guotai Fund's automotive ETF and Fuguo Fund's smart automotive ETF climbing by 1.26% and 1.04%, respectively. Dividend strategy ETFs strengthened, with China Merchants Fund's CSI Dividend Quality ETF and E Fund's Free Cash Flow ETF rising by 1.68% and 1.05%, respectively. The Hong Kong stock market's innovative drug sector adjusted for the second consecutive day, with the Hang Seng Medical ETF and the Hong Kong Stock Connect Innovative Drug ETF falling by 4.95% and 3.36%, respectively. The AI computing power sector declined, with the Cloud 50 ETF, Southern's ChiNext Artificial Intelligence ETF, and Guotai's ChiNext Artificial Intelligence ETF decreasing by 3.19%, 3.06%, and 2.08%, respectively.