ETF Midday Review | CPO Sector Surges, Communication Equipment ETF and Communication ETF Rise Over 6%

Gelonghui December 8th | As of the midday close, the Shanghai Composite Index rose by 0.62%, the Shenzhen Component Index increased by 1.55%, the ChiNext Index surged by 3.02%, and the Beijing Stock Exchange 50 Index climbed by 1.42%. The total market turnover amounted to RMB 1.30 trillion, a rise of RMB 299.5 billion compared with the previous day's turnover. Over 3,500 stocks across the market registered gains. In terms of sector performance, the CPO, components, and commercial aerospace sectors were active, while the coal sector underwent adjustments. In the ETF space, the AI hardware sector saw a major surge, with the Fullgoal Fund Communication Equipment ETF, Guotai Fund Communication ETF, and Guotai Fund ChiNext Artificial Intelligence ETF rising by 6.96%, 6.56%, and 6.43%, respectively. The telecommunications sector followed suit, with the E Fund Telecom ETF and Penghua Fund Telecom ETF climbing by 4.43% and 4.24%, respectively. The two Brazil ETFs both fell by 6.5%. Pop Mart plummeted, causing the Hang Seng Consumer ETF to drop by 1.6%. The Hong Kong stock innovative pharmaceuticals sector declined, with both the ICBC Credit Suisse Hang Seng Innovative Pharmaceuticals ETF and the Southern Asset Management Hang Seng Innovative Pharmaceuticals ETF falling by 1.4%. The coal sector experienced adjustments, with the Coal ETF declining by 1.59%.