A股本周剧烈调整，港股创新药ETF跌近6%，A500ETF基金(512050)回撤

Market Performance - Major indices experienced a decline, with the Shanghai Composite Index falling by 1.95%, Shenzhen Component Index down by 3.04%, and ChiNext Index dropping by 3.36%, all breaking below the 30-day support line [1] - Hong Kong's Hang Seng Index decreased by 2.48%, and the Hang Seng Tech Index fell by 4.05%, both reaching a one-month low [1] - Weekly performance showed that except for the CSI Dividend Index which rose by 0.67%, all major indices in Hong Kong and A-shares were in the red, with the Hang Seng Tech Index down nearly 8% [1][3] Sector Performance - The banking and coal sectors showed positive performance, with the banking sector up by 4.89% and coal sector up by 4.17% [5][7] - In contrast, the electronics, media, automotive, and telecommunications sectors experienced significant declines [5] ETF Performance - The A500 ETF (512050) fell by 3.17% this week, significantly lower than the over 5% drop in innovation indices [10][12] - The consumption ETF was the best performer among the ETFs, with a slight decline of 0.35%, recovering its year-to-date losses and turning positive by 3.18% [14] - The Hong Kong innovative drug ETF dropped nearly 6% this week, with a cumulative decline of 9.67% in October [21] Investment Trends - There is a notable shift in fund allocation towards low-volatility dividend stocks and consumer sectors, indicating a potential change in investment strategy [16] - The upcoming Q4 is expected to present new growth opportunities in consumer sectors, particularly in service-oriented consumption due to potential external demand challenges [20][21] - The market is also focusing on the third-quarter reports, with expectations for improvement in fundamentals and potential reversals in performance for sectors like innovative pharmaceuticals and medical devices [23]