ETF日报：目前全球仍处于半导体销售的较高峰 关注半导体设备ETF

Market Overview - A-shares experienced a steady increase today, with the Shanghai Composite Index rising by 0.37% to 3876.34 points, and the Shenzhen Component Index increasing by 1.16% [1] - The semiconductor and consumer electronics sectors led the gains, while gold, aquaculture, and film industries saw declines [1] - The trading volume in the Shanghai and Shenzhen markets reached 2.38 trillion yuan, an increase of 35.3 billion yuan compared to the previous trading day [1] Economic Outlook - Market sentiment is currently neutral, with over 2700 stocks declining today [1] - The expectation for a Federal Reserve interest rate cut has reached nearly 100%, with a mainstream expectation of a 25 basis point reduction [1] - Historical data suggests that a 25 basis point cut is typically a preventive measure rather than a response to recession [1] Sector Analysis - The semiconductor industry remains strong, with significant gains in semiconductor equipment, gaming, and automotive sectors [1] - The recent focus on AI trends is expected to shift towards macroeconomic recovery, with inflationary pressures easing [2] - The semiconductor equipment ETF saw a daily increase of 3.49%, with a 5-day increase of 8.14% [7] Investment Recommendations - Investors are advised to pay attention to sectors that may benefit from a recovery in demand and prices, such as the non-ferrous metals ETF and photovoltaic ETF [1] - The long-term investment logic in the semiconductor equipment sector is supported by domestic substitution and self-sufficiency trends, particularly in critical areas like photolithography [11] - The market is encouraged to monitor the performance of the technology sector in Hong Kong, which has shown resilience and potential for growth [3][6]