ETF Midday Review | A-shares continue to reach a ten-year high, with the stablecoin concept leading the gains, Financial Technology ETFs and China Asset Management Financial Technology ETF rising by 2%.

Gelonghui, August 21 | All three major A-share indices closed higher, with the Shanghai Composite Index rising by 0.35%, continuing to set new highs not seen in nearly a decade. The Shenzhen Component Index increased by 0.45%, while the ChiNext Index rebounded by 0.21%. The Beijing Stock Exchange 50 Index fell by 0.96%. The total trading volume in the Shanghai, Shenzhen, and Beijing markets reached 1,591.2 billion yuan, an increase of 56.2 billion yuan compared to the previous day. More than 2,500 stocks in the entire market experienced gains. The stablecoin concept led the market significantly, with ASIC chips and cybersecurity-related low-position TMT themes attracting capital. ZTE Corporation saw its shares briefly hit the daily limit; oil and gas, as well as Huawei concept stocks, performed actively. AI hardware stocks experienced significant pullbacks, with liquid cooling, PCB, and CPO concepts leading the declines. In the ETF sector, stablecoin concepts led the gains, with Huabao Fund's FinTech ETF, Huaxia Financial Technology ETF, and Bosera Fund's FinTech ETF rising by 2.29%, 2.16%, and 2.01%, respectively. The CSI A50 Index showed remarkable performance, with the Xinhua CSI A50 ETF and the CMB CSI A50 ETF increasing by 2.2% and 1.69%, respectively. Pork stocks were active, with the Fuguo Fund Agricultural ETF and the Yinhua Fund Agricultural 50 ETF both rising by 1.8%. The chemical sector continued its upward momentum from yesterday, with the E Fund Chemical Industry ETF and Huabao Fund Chemical ETF both gaining 1.6%. The battery sector led the declines, with the energy storage battery ETFs from GF and E Fund falling by 1.66% and 1.47%, respectively. The rare earth sector saw a pullback, with the rare earth ETFs from Harvest and E Fund declining by 1.29% and 1.22%, respectively.