ETF Market Review | Non-ferrous metals sector leads gains, with gold equity ETFs rising 4%.

Gelonghui December 1st | The three major A-share indices opened higher and trended upward today, with the Shanghai Composite Index reclaiming levels above 3,900 points. At the close, the Shanghai Composite Index rose 0.65% to 3,914 points, the Shenzhen Component Index increased by 1.25%, and the ChiNext Index climbed by 1.31%. The total market turnover reached 1.89 trillion yuan, an increase of 291.7 billion yuan compared to the previous trading day, with nearly 3,400 stocks posting gains. Themes related to AI smartphones and smart wearables were active; the semiconductor industry chain surged in the afternoon, led by gains in lithography machines and MCU chips. Stocks associated with 6G, satellite navigation, commercial aerospace, servers, and memory also performed strongly. In contrast, e-commerce and lithium battery concepts showed weak performance. In the ETF sector, non-ferrous metals saw a broad-based rally, with Ping An Fund’s Gold Stock ETF and Wanji Fund’s Industrial Nonferrous Metals ETF rising by 4.09% and 3.99%, respectively. The satellite internet sector advanced, with IoT ETFs from Southern Asset Management and Huatai Bai Rui Fund increasing by 3.69% and 3.36%, respectively. AI smartphone-related activity was notable, with Fuguo Fund’s Communication Equipment ETF rising by 3.48%. The Soybean Meal ETF fell by 2.52%, while the S&P Biotech ETF dropped by 2.3%. Japanese equities declined, with the Nikkei 225 ETF (managed by E Fund) and the Nikkei ETF falling by 1.78% and 1.61%, respectively.