ETF Midday Review | Semiconductor equipment sector leads gains, with the STAR Tech Semiconductor ETF up 3.21%.

Gelonghui, November 28th | A-share market opened lower but rebounded higher. As of the midday closing, the Shanghai Composite Index increased by 0.21%, the Shenzhen Component Index rose by 0.72%, and the ChiNext Index gained 0.71%. The total market turnover amounted to RMB 983.6 billion, a decrease of RMB 113.4 billion compared to the previous trading day. Over 3,500 stocks in the entire market saw gains. The lithium mining sector continued its rebound, while themes related to Fujian, Hainan, and major consumer sectors remained active. Semiconductor equipment and oil & gas stocks performed strongly, with CPO-related concepts recovering before midday. In contrast, pharmaceuticals and banking sectors retreated, while AI application-related fields remained sluggish. Among ETFs, the semiconductor equipment sector led the gains, with China AMC's STAR Semiconductor ETF, Huatai-PineBridge’s STAR Semiconductor Equipment ETF, and Penghua’s STAR Semiconductor ETF all rising over 3%. The rare metals sector rebounded, with ICBC Credit Suisse’s Rare Metals ETF Fund and GF Fund’s Rare Metals ETF increasing by 2% and 1.99%, respectively. Oil & gas stocks showed solid performance, with YinHua Fund's Oil & Gas Resources ETF climbing 1.84%. The traditional Chinese medicine (TCM) sector led the declines, with TCM 50 ETF and TCM ETF both dropping by 1%. Hong Kong-listed innovative pharmaceuticals sector weakened, as Hang Seng Healthcare ETF and Hong Kong Innovative Pharmaceuticals 50 ETF both fell by 1%.