ETF Market Review | A-share market plunges across the board in afternoon trading, with China Merchants Zhongzheng A50 ETF surging to hit the upper limit in the final trading session and the chip equipment ETF rising over 5%.

Gelonghui, September 18 — The three major A-share indices collectively fell today. As of the market close, the Shanghai Composite Index dropped by 1.15%, the Shenzhen Component Index declined by 1.06%, the ChiNext Index fell by 1.64%, and the Beijing Stock 50 Index decreased by 1.01%. The total trading volume of the Shanghai, Shenzhen, and Beijing markets reached RMB 3.1666 trillion, an increase of RMB 763.7 billion compared to the previous day. More than 4,300 stocks across the entire market declined. In terms of sector performance, tourism and hospitality, CPO and other computing hardware, pharmaceutical commerce, and wind power equipment sectors led gains; non-ferrous metals, securities, pork, cinema chains, real estate, and coal sectors were among the top decliners. In the ETF segment, the CSOP CSI A50 ETF surged to the daily limit in late trading, with the latest premium rate at 11.32%. The semiconductor sector saw a rise followed by a pullback, with the GF Fund Chip Equipment ETF, China AMC Semiconductor Materials ETF, and China AMC STAR Semiconductor ETF falling by 5.55%, 4.56%, and 4.15%, respectively, and their latest premium rates standing at 2.15%, 1.92%, and 0.55%. The non-ferrous metals sector continued its correction, with the Industrial Non-Ferrous Metals ETF and Non-Ferrous 50 ETF declining by 4.14% and 3.89%, respectively. The financial sector was also among the top decliners, with the Huaxia Fintech ETF and another Fintech ETF dropping by 3.89% and 3.51%, respectively.