ETF Market Wrap | AI Application Stocks Lead Declines, Gaming ETF and Huatai柏瑞 Gaming ETF Fall 4%

Gelonghui, September 26th | The three major A-share indices collectively fell today. By the close of trading, the Shanghai Composite Index dropped by 0.65%, the Shenzhen Component Index fell by 1.76%, and the ChiNext Index declined by 2.6%. The total trading volume of the Shanghai, Shenzhen, and Beijing markets reached RMB 2.1661 trillion, a decrease of RMB 225.7 billion compared to the previous day. More than 3,400 stocks across the market ended lower. In terms of sector performance, leading gains were seen in wind power equipment, chemical fibers, agrochemical products, soybeans, textile manufacturing, and military equipment sectors. Meanwhile, declines were led by gaming, computing hardware, lithography machines, and consumer electronics sectors. In the ETF space, Bosera Funds' All-Share Cash Flow ETF rose by 4.6%, with the latest premium/discount rate at 3.68%. Hong Kong-listed financial stocks showed positive momentum, with China AMC's HK Connect Financial ETF and GF Fund's HK Connect Non-Banking ETF climbing by 1.36% and 1.01%, respectively. Dividend strategy ETFs performed actively, as JPMorgan Asset Management’s HK Dividend Index ETF and Invesco Great Wall’s HK Dividend Low Volatility ETF gained 1.3% and 1.15%, respectively. The AI application segment saw notable pullbacks, with both Gaming ETFs managed by Huatai-PineBridge falling by 4%. The cloud computing sector experienced widespread declines, with Data ETF and GF Fund's Cloud Computing ETF both dropping by 5%. The computing power sector turned entirely negative, with 5GETF and 5G Communications ETF declining by 4.03% and 3.81%, respectively.