ETF Midday Review | Gold and Semiconductors Lead Gains, with China-Korea Semiconductor ETF and Gold Stock ETF Rising 8%

Gelonghui, October 9th | The three major indices of the A-share market collectively rose in early trading. As of the midday break, the Shanghai Composite Index was up by 1.24%, the Shenzhen Component Index by 1.75%, the ChiNext Index by 1.77%, the Beijing Stock 50 Index by 0.25%, and the STAR 50 Index surged by 5.59%. The half-day turnover of the Shanghai, Shenzhen, and Beijing markets reached RMB 1.7269 trillion, an increase of RMB 357.1 billion compared to the previous day. A total of 3,200 stocks across the market were on the rise. In terms of sector performance, non-ferrous metals, gold, controlled nuclear fusion, semiconductors, wind power equipment, and steel sectors led the gains; while tourism, cinema chains, liquor, real estate, and pork sectors posted significant declines. Regarding ETFs, the semiconductor sector performed strongly, with Huatai-PineBridge’s China-Korea Semiconductor ETF, Huatai-PineBridge’s STAR Semiconductor Equipment ETF, and Southern Asset Management's STAR Chip ETF rising by 8.57%, 6.61%, and 6.59%, respectively. Gold prices broke through $4,000 per ounce, pushing ICBC Credit Suisse’s Gold Stock ETF and Yongying Fund’s Gold Stock ETF up over 8%. The non-ferrous metal sector also advanced, with Guotai Fund's Mining ETF and China Merchants Fund's Mining ETF rising over 7%. Meanwhile, small-scale currency ETFs that had surged before the holiday saw notable declines, with Currency ETF and Huatai Tian Tian Jin ETF falling by 3.87% and 2.87%, respectively. The real estate sector weakened, as Real Estate ETF and Property ETF fell by 3.37% and 3.31%, respectively. The gaming sector also dropped, with Gaming ETF declining by 2.7%.