ETF Market Review | Gold stocks and AI hardware surged in tandem, with the New Energy Vehicle Battery ETF reaching a premium limit up, and the Gold Stocks ETF fund increasing by 9%.

Gelonghui, September 1｜Today, the A-share market rose collectively. By the close, the Shanghai Composite Index increased by 0.46%, closing at 3,875.53 points, the Shenzhen Component Index rose by 1.05%, the ChiNext Index increased by 2.29%, while the Beijing Stock Exchange 50 fell by 0.36%. The total transaction amount in the Shanghai, Shenzhen, and Beijing markets was 27,776 billion yuan, a decrease of 52.5 billion yuan compared to the previous day. More than 3,200 individual stocks in the entire market rose. In terms of sectors, precious metals, non-ferrous metals, innovative drugs, CPO, and storage chip sectors led the gains; insurance, airport shipping, securities, military equipment, banking, and gaming sectors saw the largest declines. In the ETF sector, the China Construction Bank New Energy Vehicle Battery ETF hit the daily limit, with the latest premium/discount rate at 11.83%. Gold stocks had a strong performance throughout the day, with the Ping An Fund Gold Stock ETF, Guotai Fund Gold Stock ETF, and ICBC Credit Suisse Fund Gold Stock ETF rising by 9.22%, 8.41%, and 8.33%, respectively. The AI hardware sector continued to be strong, with the Invesco Fund Communication Equipment ETF, Guotai Fund ChiNext AI ETF, and Hua Bao ChiNext AI ETF increasing by 6.54%, 6.37%, and 6.29%, respectively. The innovative drug sector rebounded, with the Guotai Innovative Drug ETF and ICBC Credit Suisse Fund Innovative Drug Industry ETF rising by 6.5% and 6.27%, respectively. Last Friday, U.S. tech stocks weakened, with the Nasdaq Technology ETF falling by 2.64%, and the latest premium/discount rate at 6.42%. The satellite sector underwent a correction, with the Satellite Industry ETF declining by 1.81%. Hong Kong automotive stocks fell, with both the Invesco Hong Kong Stock Connect Automotive ETF and the Hong Kong Stock Connect Automotive ETF dropping by 1.7%.