【盘前三分钟】9月1日ETF早知道

Core Viewpoint - The article discusses the performance and trends of various ETFs, highlighting the impact of the U.S. interest rate cycle on sectors such as innovative pharmaceuticals and AI applications, while also providing insights into market movements and capital flows across different industries [1][4]. Group 1: Market Performance - As of August 29, 2025, the Shenzen Composite Index, Shanghai Composite Index, and ChiNext Index have ten-year P/E ratios at 96.95%, 77.97%, and 38.78% respectively, indicating varying levels of market valuation [1]. - The top-performing sectors on that day included Electric Equipment (+2.42%), Non-Bank Financials (+1.84%), and Food & Beverage (+1.42%), while sectors like Computer (-1.48%) and Communication (-1.82%) faced declines [2]. Group 2: Capital Flows - The top three sectors for capital inflow were Electric Equipment with 2.719 billion, Non-Bank Financials with 0.987 billion, and Food & Beverage with 0.184 billion [2]. - Conversely, the sectors with the highest capital outflows included Computer with -14.123 billion, Electronics with -10.159 billion, and Communication with -7.320 billion [2]. Group 3: Sector Insights - The innovative pharmaceutical sector is expected to benefit from the U.S. entering a rate-cutting cycle, which may lower financing costs and enhance pipeline valuations [4]. - The AI sector shows promising growth, with 30 out of 49 companies in the ChiNext AI index reporting positive net profit growth, driven by high demand for computing power [4]. Group 4: ETF Highlights - The Hong Kong Stock Connect Innovative Pharmaceutical ETF has shown strong performance, recovering over 4% recently, indicating a positive trend in the sector [4]. - The AI-focused ETFs are recommended for continued investment, as the sector is expected to accelerate growth in the latter half of 2025 [4].