ETF Market Review | A-shares retreat after a volume-depleted rally; the military sector surged in the afternoon, with Yifangda’s Military ETF and Defense ETF up 1.4%.

Gelonghui, October 28 | The SSE Composite Index retreated after an initial rise and closed down by 0.22%, briefly surpassing the 4000-point mark twice during trading; the ChiNext Index fell by 0.15%. The total daily turnover of the Shanghai, Shenzhen, and Beijing markets amounted to RMB 2.1653 trillion, a decrease of RMB 191.3 billion compared with the previous day. The Fujian Haixi sector experienced a surge for two consecutive days, while military stocks strengthened against the trend in the afternoon. Concepts related to fiberglass, copper-clad laminate, and lithium hexafluorophosphate showed active performance. The nonferrous metals industry saw widespread declines, with gold, rare earths, and cobalt mining leading the losses. Most companies in the lab-grown diamonds, photovoltaic, and coal sectors were sluggish. In terms of ETFs, the NDAQ-100 ETF managed by Huitengfu Fund rose by 3% in late trading, with the latest premium rate at 9.9%. The military sector rallied in the afternoon, with the Military ETF managed by E Fund, Penghua Fund's Defense ETF, and Wanji Fund's Aerospace ETF increasing by 1.47%, 1.46%, and 1.44%, respectively. The computing power sector saw a retreat after an initial rise, with Xinhua Fund’s Cloud 50 ETF rising by 1%. Precious metal stocks led the declines, with the Gold Stock ETF Fund, Gold Stocks ETF, and Gold Fund ETF decreasing by 3.74%, 3.69%, and 3.66%, respectively. The nonferrous metals sector also declined, with the Industrial Nonferrous ETF falling by 3.56%.