Group 1 - The overall tariff issue is expected to gradually ease, although some disturbances may occur during the process. The uncertainty in the global political and economic landscape is likely to remain high, leading to continued short-term market volatility. Current strategies such as dollar-cost averaging and grid trading can be considered for investing in broad-based ETFs like the CSI A500 ETF (159338) and the SSE Composite Index ETF (510760) to cope with market fluctuations [1] - The global semiconductor industry shows significant signs of recovery, driven by a new round of upgrades in smart terminal products. The growth of companies in semiconductor equipment and design relies on technological breakthroughs and market expansion, particularly in the context of ongoing AI computing power development and domestic substitution. This sector may exhibit stronger resilience, with potential investment opportunities in semiconductor equipment ETFs (159516), chip ETFs (512760), integrated circuit ETFs (159546), and the Kexin chip ETF (589100) [1] Group 2 - The Hong Kong Special Administrative Region's government reported a 3.1% year-on-year GDP growth and a 2% quarter-on-quarter growth in the first quarter, both exceeding expectations. With the diminishing marginal impact of U.S. tariff policies and supportive domestic policies, the economy is expected to maintain resilience, and the profit growth of Hong Kong stocks is likely to remain high. Investors may consider Hong Kong technology ETFs (513020), Hong Kong state-owned enterprise ETFs (159519), and dividend Hong Kong stock ETFs (159331) [2] - In the context of market fluctuations and declining risk-free interest rates, dividend-paying central state-owned enterprise assets continue to hold significant allocation value. Interested investors can look into dividend state-owned enterprise ETFs (510720) and cash flow ETFs (159399) as defensive assets [2]