ETF Midday Review | Shanghai Composite Index Breaks Through 3600 Points, Hong Kong Stocks Surge

　Granton July 23rd｜The three major A-share indices rose collectively at the opening, with the Shanghai Composite Index rising 0.75% to 3608.58 points as of midday, the Shenzhen Component Index rising 0.31%, and the ChiNext Index rising 0.72%. The North Component Index fell 0.54%, with a total trading volume of RMB 11595 billion, up 6 billion from yesterday. Over 2000 stocks in the market rose. Sector-wise, the finance, securities, airport transportation, CRO, and bank sectors led the gains, while the Hainan Free Trade Zone, military equipment, copper cable high-speed connection, and power grid equipment sectors declined.

　In the ETF sector, Hong Kong stocks experienced a sudden surge at the end of the day, with E Fund Hong Kong Securities ETF rising 4.09%. The Nikkei 225 Index rose 3.35%, while E Fund Nikkei 225, Southern Fund Japanese East Asia Index ETF, and HuaAn Fund Nikkei 225 ETF rose 3.69%, 3.61%, and 3.53% respectively. The semiconductor equipment sector led the gains, with Huatai Securities Innovation Semiconductor Equipment ETF and HuaAn Fund Innovation Semiconductor ETF rising 3.48% and 2.91% respectively. Hong Kong's IT stocks surged at midday, with HuaAn Fund Hang Seng Internet ETF rising 2.76%.

　The hydropower sector showed mixed performance, with the building materials and infrastructure sectors retreating. The building materials ETF rose by E Fund and Huatai Securities, respectively, while the infrastructure ETF fell 2.37%. The engineering machinery ETF fell 2.1%. Airline stocks weakened, with the aviation and aerospace ETFs falling by TianHong and HuaAn Funds, respectively.