ETF Midday Review | Hong Kong dividend stocks lead gains, with the Hong Kong Dividend Low Volatility ETF and Hong Kong Stock Connect Dividend Low Volatility ETF rising over 1%.

Gelonghui December 2nd | The three major A-share indices collectively fell in the morning session. As of the midday closing, the Shanghai Composite Index dropped by 0.55%, the Shenzhen Component Index fell by 0.77%, and the ChiNext Index declined by 0.88%. The half-day trading volume of the Shanghai, Shenzhen, and Beijing markets amounted to RMB 1.056 trillion, a decrease of RMB 180.7 billion compared to the previous day. More than 3,900 stocks across the market fell. In terms of sector performance, the pharmaceutical commerce, Fujian, Hainan Free Trade Zone, tourism and hospitality, AI mobile phones, real estate, and coal mining and processing sectors led gains. In contrast, sectors including lithium battery electrolytes, CRO, GPU, rare earth permanent magnets, superhard materials, servers, robotics, and lithography machine-related stocks weakened. Regarding ETFs, strong US Black Friday consumption data boosted performance, with Invesco’s S&P Consumer Discretionary ETF rising by 1.59%. Among Hong Kong-listed dividend stocks, the top gainers were China Merchants Fund's Hong Kong Dividend Low Volatility ETF, Huatai-PineBridge Fund's Connect Hong Kong Dividend Low Volatility ETF, and E Fund’s Hang Seng Dividend Low Volatility ETF, which climbed by 1.46%, 1.36%, and 1.22%, respectively. Meanwhile, the S&P Biotech ETF fell by 2.2%. The rare earth sector declined, with Harvest Fund’s Rare Earth ETF and another Rare Earth ETF both dropping by 2%. The robotics sector weakened, as the Robotics ETF managed by Fubon and the Robotics ETF by E Fund declined by 1.97% and 1.94%, respectively.