ETF Morning Review | Shanghai and Shenzhen stock indices fluctuate, with gold stocks, military-industrial stocks, and game stocks leading the gains; S&P Oil & Gas ETF drops over 3%

　格隆汇8月4日｜Shanghai and Shenzhen stock indices fluctuate, with the Shanghai Composite Index rising 0.2%, the Shenzhen Component Index falling 0.28%, and the Shanghainese 50 Index falling 0.01% as of lunchtime. The combined trading volume of the three markets was ¥9.323 billion, down ¥757 billion from the previous day. Over 2700 individual stocks rose on both exchanges.

　ETF-wise, gold stocks rose across the board, with Country Garden Fund Gold Stocks ETF, Industrial Bank of China Asset Management Co., Ltd. Gold Stocks ETF, and HuaAn Fund Gold Stocks ETF rising 4.06%, 3.74%, and 3.59% respectively. Military-industrial stocks were also strong, with HuaAn Fund Aerospace ETF and Wanhai Fund Aerospace ETF rising 3.06% and 2.82% respectively.

　International oil prices fell, causing S&P Oil & Gas ETF to drop over 3%. The pharmaceutical sector was weak across the board, with Hong Kong-listed medical ETFs, Hong Kong Medical ETF, and Biomedical ETF dropping 2.73%, 2.65%, and 2.59% respectively.