Core Viewpoint - The gaming concept stocks have shown strong performance, with notable increases in companies such as Giant Network, which hit the daily limit, and Shenzhou Taiyue and Light Media, which rose over 8% and 5% respectively [1] Group 1: Market Performance - The ETF tracking the CSI Animation and Gaming Index increased by approximately 3% [1] - Specific gaming ETFs reported the following prices and changes: - ETF 159869 at 1.319 with a rise of 2.97% - ETF 516010 at 1.310 with a rise of 2.91% - ETF 516770 at 1.361 with a rise of 2.72% [2] Group 2: Industry Outlook - Analysts indicate that the global gaming market is in an upward cycle, with optimistic long-term growth expected in both revenue and player numbers [2] - The powerful generative capabilities of DeepSeek may significantly enhance game development efficiency, allowing for the creation of more user-demanded virtual characters, maps, and storylines, thereby enriching gameplay and fostering paid scenarios [2]

Market Overview - As of May 26, 2025, the Shanghai Composite Index closed down 0.05% at 3346.84 points, the Shenzhen Component Index down 0.41% at 10091.16 points, and the ChiNext Index down 0.80% at 2005.26 points, indicating a broad loss across the market [1] - The total trading volume for the two markets reached 1.01 trillion yuan, with northbound capital remaining balanced in buying and selling [1] Sector Performance - The top three sectors in terms of gains were Other Electronics (+3.17%), Other Power Equipment (+3.13%), and Gaming (+2.86%) [1] - The sectors with the largest declines were Passenger Cars (-4.71%), Batteries (-2.31%), and Small Appliances (-2.11%) [1] ETF Performance - A total of 362 non-currency ETFs rose, with an increase ratio of 32% [1] - The China Animation and Gaming Index rose by 2.77%, with related ETFs such as the Gaming ETF from Huatai-PB increasing by 2.96% [1] - The China Information Security Theme Index increased by 1.68%, with its ETF rising by 2.32% [1] - The China Media Index rose by 1.63%, with its ETFs increasing by 1.90% and 1.71% respectively [1] Notable ETFs - The S&P 500 ETF (159612.SZ) saw a rise of 3.22%, with a total share size of 347 million [3] - The Gaming ETF (516010.SH) increased by 2.96%, with a total share size of 1.36 billion [4] - The Big Data Industry ETF (516700.SH) rose by 2.09%, with a total share size of 132 million [4] - The Media ETF (512980.SH) increased by 1.90%, with a total share size of 1.28 billion [6] Valuation Metrics - The current P/E ratio for the S&P 500 Index is 25.91, which is below 67.32% of the time over the past three years [4] - The P/E ratio for the China Animation and Gaming Index is 53.95, below 54.91% of the time over the past three years [4] - The P/E ratio for the Big Data Industry Index is 299.34, below 98.03% of the time over the past three years [4] Premium Rates - The S&P Consumer ETF closed with a premium of 28.26%, while the S&P 500 ETF had a premium of 20.17% [7][9]