Market Overview - The stock indices collectively adjusted this week, with a total net outflow of approximately 17 billion yuan from stock ETFs and cross-border ETFs in the Shanghai and Shenzhen markets [1][6] - The total trading volume for the week reached 56.9 trillion yuan, with the Shanghai market accounting for 22.6 trillion yuan and the Shenzhen market for 34.3 trillion yuan [2] ETF Performance - Major ETFs such as the Sci-Tech 50 and the CSI 1000 saw declines exceeding 1% this week, with a total net outflow of 3.97 billion yuan from the top 10 index ETFs [5] - The CSI 300 ETF and the Shanghai 50 ETF experienced slight declines of 0.03% and 0.11%, respectively, with net outflows of 10.87 million and 7.95 million yuan [3][4] Sector Analysis - The military industry-related ETFs received significant inflows, with the Military Leader ETF, Military ETF, and National Defense ETF seeing net inflows of 9.86 billion, 7.54 billion, and 6.95 billion yuan, respectively [7][9] - Conversely, the pharmaceutical sector faced continued selling pressure, with the Medical ETF, Innovative Drug ETF, and Consumer ETF experiencing net outflows of 9.89 billion, 7.97 billion, and 3.17 billion yuan, respectively [8][11] Future Outlook - Analysts suggest that the military industry may see a turning point in orders by 2025, driven by new technologies and military trade opportunities [11] - The innovative drug sector is expected to transition from capital-driven to profit-driven growth, presenting potential investment opportunities as the industry matures [15]