ETF Market Wrap | A-shares Drop on Lower Volume, S&P Consumer ETF Rises 2.53%

Gelonghui, December 2 — The three major A-share indices collectively fell today. At the close, the Shanghai Composite Index dropped by 0.42% to 3897 points, the Shenzhen Component Index declined by 0.68%, and the ChiNext Index fell by 0.69%. The total market turnover amounted to RMB 1.61 trillion, representing a decrease of RMB 282.2 billion compared to the previous trading day, with over 3,700 stocks declining. The lithium battery industry chain led the declines, while innovative drugs, GPUs, robotics, photovoltaics, AI applications, semiconductors, and new energy vehicle concept stocks also experienced notable losses. In contrast, themes such as cross-strait integration, pharmaceutical commerce, and consumer electronics performed strongly against the trend. Regarding ETFs, strong Black Friday consumer data in the U.S. boosted the Invesco Great Wall S&P Consumer Discretionary ETF, which rose by 2.53%. High-dividend Hong Kong stocks showed significant gains, with the China Merchants Fund Hong Kong Stock High Dividend Low Volatility ETF, J.P. Morgan Fund Hang Seng High Dividend Index ETF, and E Fund Hang Seng High Dividend Low Volatility ETF increasing by 1.7%, 1.57%, and 1.56%, respectively. Overnight, crude oil prices rose by 1%, pushing the Harvest Fund S&P Oil & Gas ETF up by 1.07%. However, the S&P Biotech ETF fell by 2.2%, and the Nasdaq Biotech ETF declined by 1.82%. Hong Kong-listed innovative drug stocks plummeted across the board, with the Hong Kong Connect Healthcare ETF and Hong Kong Connect Innovative Drug ETF dropping by 1.84% and 1.81%, respectively.