市场调整之际，科创50ETF、科创芯片ETF、创业板ETF强势吸金

Market Overview - A-shares opened lower and continued to decline, with significant drops in sectors such as power batteries, MCU chips, and electrolyte concepts [1] - As of Friday's close, the Shanghai Composite Index fell by 0.94% to 3897.03 points, the Shenzhen Component Index dropped by 2.7%, the ChiNext Index decreased by 4.55%, and the STAR Market 50 Index fell by 5.61%. The total trading volume for A-shares was 2.53 trillion yuan [2] Market Sentiment and External Factors - There are views that the decline is a result of rising external risks, a strengthening US dollar, and valuation pressures, leading to a shift of funds from high-valuation popular sectors to low-valuation lagging sectors [3] - The recent rise in the US dollar index, which broke the 99 mark on October 9, has suppressed the performance of equity assets [5] - Concerns about the AI bubble are growing, with Goldman Sachs CEO David Solomon warning that investors are overly focused on potential AI returns while neglecting associated risks [4] Sector Performance and Investment Trends - Some popular stocks are at historical high valuations, triggering financing rule restrictions, prompting a "high-low switch" in fund allocation [6] - Amidst the adjustment in tech stocks, funds are entering the market through ETFs. On October 10, the STAR Market 50 ETF saw a net inflow of 3.295 billion yuan, while other ETFs like the STAR Chip ETF and the CSI 300 ETF also attracted significant inflows [7] Future Market Outlook - According to China Merchants Securities, historically, large-cap styles tend to outperform in October and the fourth quarter. Despite previous strong styles often weakening in the fourth quarter, current conditions do not suggest a similar trend, with tech growth expected to continue to perform well [8][9] - The upcoming third-quarter report trading window is anticipated to show high growth or significant improvement in sectors like high-end manufacturing and the AI industry chain [9] - The market is expected to maintain a high-risk appetite due to policy expectations from the "14th Five-Year Plan" and the anticipated easing of monetary policy by the Federal Reserve in October [9]