ETF Midday Review | Collective Rally in Hong Kong and Mainland Stocks, HK Stock Connect Non-Banking ETF and HK Stock Connect Technology 30 ETF Surge Over 3%

Gelonghui, October 21 | The three major A-share indices collectively rose in the morning session. The Shanghai Composite Index increased by 1.2%, returning above the 3900-point mark, while the ChiNext Index surged by 2.92%. The half-day trading volume of the Shanghai, Shenzhen, and Beijing markets reached 1.1632 trillion yuan, a decrease of 7.7 billion yuan compared to the previous day. Over 4,500 stocks across the market were on the rise. Technology stocks continued their rebound with strong momentum in Apple supply chain stocks, memory chips, and CPO-related concepts. The concept of deep-earth economy began to emerge, while real estate, brokerage, and ultra-hard materials sectors performed notably well. In contrast, dividend assets fell, with coal and civil aviation sectors showing declines. Regarding ETFs, Hong Kong-listed financial stocks, led by insurance companies, saw significant gains. The GF Fund's HK Stock Connect Non-Banking ETF and E Fund's Hong Kong Securities ETF increased by 3.88% and 3.17%, respectively. Hong Kong's technology stocks also performed well; HFT Fund's HK Stock Connect Technology 30 ETF and Yinhua Fund's Hong Kong Technology 30 ETF gained 3.69% and 3.68%, respectively. Cross-border ETFs edged down slightly, with Saudi ETF and Japan TOPIX Index ETF both falling by 0.3%. Dividend assets moved lower against the trend, with the Hong Kong Dividend Low-Volatility ETF dropping by 0.22%. Bond ETFs declined as well, with the 30-Year Treasury Bond ETF and 30-Year Treasury Bond ETF (Bosera) decreasing by 0.2% and 0.18%, respectively.