A-Share Three Major Indices Fell, AI Application and Semiconductor Sectors Rallied, ChiNext ETF Closed Up 20CM, Infrastructure ETF Dropped Over 3%

　　Glorion Weekly Report, July 25th｜A-share three major indices fell sharply today. As of the closing price, Shanghai Composite Index declined by 0.33%, Shenzhen Component Index dropped by 0.22%, and ChiNext Index decreased by 0.23%. The Northbound Stock Market Index rose by 0.52%. Total market turnover was ¥18155 billion, a decrease of ¥584 billion from the previous day. Over 2700 stocks fell across the market. In terms of sectors, optical instruments, semiconductors, AI applications, medical devices, and cloud computing led the gains; while Yabaoh waterpower, Hainan Free Trade Zone, white wine, multi-asset finance, and controlled nuclear fusion led the losses.

　　In the ETF market, technology stocks received inflows, and AI application and semiconductor sectors performed well. ChiNext Composite Index ETF rose to a "20CM" close, with a latest yield of 17.52%. Technology-focused ETFs such as HuaAn Tech-Focused ETF, Boshi Fund ChiNext AI ETF, Rich Capital AI ETF, and Everbright Tech-Focused ETF respectively rose by 4.81%, 4.7%, 4.6%, and 4.6%. The semiconductor sector followed suit, with Union Asset Management Sci-Tech Index ETF, Rich Capital Semiconductor ETF, and TaiAn Asset Management Sci-Tech Index ETF rising over 3%.

　　Cyclical stocks retreated across the board, with cement, machinery, and coal sectors leading the losses. Infrastructure ETF and Building Materials ETF fell by 3.06% and 2.63%, respectively. Hong Kong-listed ChiNext stocks retreated, with Hang Seng Internet Technology ETF and Hang Seng Internet ETF falling by 2.32% and 2.11%, respectively.