ETF Market Close | The Shanghai Composite Index fell by 2%, narrowly holding above the 4,000-point mark. A wave of limit-downs hit the non-ferrous metals sector, with ETFs such as Gold Stocks ETF ICBC and Gold Equities ETF among the 31 ETFs hitting the lo

Gelonghui, February 2nd | The three major indices of the A-share market collectively fell today. By the close, the Shanghai Composite Index dropped by 2.48%, the Shenzhen Component Index declined by 2.69%, the ChiNext Index fell by 2.46%, and the Beijing Stock Exchange 50 Index slid by 2.03%. The trading volume of the Shanghai, Shenzhen, and Beijing markets reached 2.6066 trillion yuan, a decrease of 255.8 billion yuan compared to the previous day, with more than 4,600 stocks falling across the three markets. In terms of sector performance, industries such as precious metals, oil and gas extraction and services, chemicals, coal, steel, semiconductors, PEEK materials, and lithography machine-related stocks all experienced significant declines. Meanwhile, the liquor and power grid equipment sectors showed resilience. In the ETF market, the New Economy ETF managed by Yinhua Asset Management surged by 7.57%. The food and beverage sector gained momentum, with Penghua Fund’s Liquor ETF and the Food & Beverage ETF managed by Hua Bao Fund rising by 1.48% and 1.33%, respectively. The power grid equipment sector saw strong gains, with the Grid Equipment ETFs managed by China AMC, GF Fund, and Guotai Fund increasing by 1.33%, 1.06%, and 1.01%, respectively. The non-ferrous metals sector witnessed a wave of limit-downs, with 30 non-ferrous-themed ETFs, including ICBC Gold Stock ETF, Gold Equity ETF, and Non-Ferrous ETF managed by Yinhua Fund, hitting the lower price limit. The semiconductor sector slumped, with the China-Korea Semiconductor ETF also dropping to the limit-down level.