ETF Market Review | A-shares have declined for three consecutive days, AI computing power has undergone a severe correction, and the communication equipment ETF is nearing the limit down.

Gelonghui, September 4 | The A-share market experienced a collective decline today. By the close, the Shanghai Composite Index fell by 1.25%, the Shenzhen Component Index dropped by 2.83%, the ChiNext Index decreased by 4.25%, and the Beijing Stock Exchange 50 Index declined by 0.8%. The total trading volume in the Shanghai, Shenzhen, and Beijing markets reached 25.819 billion yuan, an increase of 18.62 billion yuan compared to the previous day. Nearly 3,000 stocks in the entire market declined. In terms of sector performance, the dairy, retail, beauty, and tourism sectors among the large consumer categories saw the largest gains; while sectors such as computing hardware, rare earth permanent magnets, and military industry experienced the most significant declines. In the ETF sector, the new energy sector was active against the trend, with the Huabao Fund Green Energy ETF and the Fortune Fund Sci-Tech Innovation Board New Energy ETF rising by 3.46% and 3.03%, respectively, with the latest premium/discount rates at 2.82% and 1.92%. Cross-border ETFs saw a surge in the afternoon, with the ICBC Credit Suisse Fund Nikkei ETF, Huaxia Fund Nikkei ETF, and Invesco Great Wall Fund Nasdaq Technology ETF rising by 2.65%, 2.42%, and 2.25%, respectively. The tourism sector saw a general increase, with the Huaxia Fund Tourism ETF rising by 1.41%. The AI hardware sector fell sharply, with the communications equipment ETF nearing its daily limit down, and the ChiNext Artificial Intelligence ETFs from Southern, Fortune, and Da Cheng all declining over 9%. The semiconductor sector weakened across the board, with the Sci-Tech Innovation Chip 50 ETF and Southern Sci-Tech Innovation Chip ETF falling by 8.63% and 8.2%, respectively.