每经记者｜曾子建 每经编辑｜肖芮冬 盘面上，科网股全线上涨，哔哩哔哩涨超2%，京东涨超3%、百度涨超2%，联想涨超1%；内资券商股普遍上涨，国联民生涨超2%；创新药概念多数高开， 翰森制药涨超2%；黄金股活跃，中国黄金国际涨超1%；新能源车企股部分上涨，蔚来涨超7%。 跨境ETF方面，恒生创新药ETF、港股创新药精选ETF涨超2%，港股通创新药ETF、教育ETF、港股医药ETF、港股汽车ETF等涨超1%。此外，标普油气 ETF、中韩半导体ETF、纳斯达克ETF、标普ETF等小幅回落。 8月18日早盘，港股市场小幅高开。截至发稿时，恒生指数报25309点，上涨0.16%；恒生科技指数报5580点，上涨0.67%。 ...

Market Performance - The three major A-share indices collectively declined, with the Shanghai Composite Index down 0.37%, the ChiNext Index down 0.24%, and the Shenzhen Component Index down 0.17% [1] - The trading volume in the Shanghai, Shenzhen, and Beijing markets was 16,199 billion yuan, a decrease of 3,420 billion yuan compared to the previous day [1] Sector Performance - AI hardware themes generally retreated, with CPO and GPU sectors leading the decline; stablecoins, military industry, and semiconductor stocks also saw significant drops [1] - Conversely, AI applications, photovoltaic, innovative pharmaceuticals, and smart logistics sectors were active [1] ETF Highlights - The Guangfa Fund's Hang Seng Consumer ETF rose by 4.69% [1] - The photovoltaic sector showed strength, with Guangfa Fund's Photovoltaic ETF, Guotai Fund's Photovoltaic 50 ETF, and Huashan Fund's Photovoltaic ETF Index Fund increasing by 2.53%, 1.94%, and 1.94% respectively [1] - The traditional Chinese medicine sector was active, with Yinhua Fund's Traditional Chinese Medicine 50 ETF and Huitianfu Fund's Traditional Chinese Medicine ETF rising by 2.36% and 1.89% respectively [1] International Market Trends - Overnight oil prices declined, leading to a drop of over 5% in Sinopec's stock, and the oil and gas resource ETF fell by 4.18% [1] - The South Korean stock market also declined, with the South Korea Semiconductor ETF down 3.38% [1] - European stock markets closed at their lowest in over a week, with France's CAC40 ETF and Germany's ETF down 2.44% and 2.2% respectively [1] - U.S. stocks experienced a pullback after an initial rise, with the U.S. 50 ETF and Nasdaq ETF both down by 2% [1] - Military stocks were among the biggest losers, with the aerospace and defense ETF down 2.31% [1]

Group 1 - The ETF market on August 1 showed mixed performance, with the Hang Seng Consumer ETF (159699) leading gains at 4.59% [2] - The leading photovoltaic ETF (560980) increased by 2.32%, while the Traditional Chinese Medicine 50 ETF (562390) rose by 2.16% [2] - The Oil and Gas Resources ETF (563150) experienced the largest decline at 3.77%, followed by the China-Korea Semiconductor ETF (513310) which fell by 2.55%, and the Shanghai 180 ETF Index (510040) decreased by 2.22% [2]

Group 1 - The Hong Kong Stock Connect innovative drug ETFs showed strong performance, with the Hong Kong Stock Connect Innovative Drug ETF (520880) leading with a gain of 3.76% [1] - The Hang Seng Innovative Drug ETF (520500) also performed well, increasing by 3.74% [1] - The Hong Kong Innovative Drug ETF (159567) rose by 3.57%, indicating a positive trend in the innovative drug sector [1] Group 2 - In contrast, the S&P Oil and Gas ETF (159518) experienced a decline of 1.43%, reflecting challenges in the oil and gas sector [1] - The S&P Oil and Gas ETF (513350) fell by 1.36%, further indicating a downward trend in this industry [1] - The China-Korea Semiconductor ETF (513310) decreased by 1.32%, suggesting potential issues within the semiconductor sector [1]

Core Viewpoint - The ETF market shows mixed performance, with certain ETFs experiencing significant gains while others face notable declines [1] Group 1: ETF Performance - The Hang Seng China Enterprises ETF (159960) leads with a gain of 3.14% [1] - The China-Korea Semiconductor ETF (513310) increases by 2.58% [1] - The German ETF (159561) rises by 2.00% [1] - The S&P Oil & Gas ETF (513350) experiences the largest decline at 6.4% [1] - The S&P Oil & Gas ETF (159518) falls by 6.37% [1] - The Oil & Gas Resources ETF (159309) decreases by 5.21% [1] Group 2: Investment Strategy - The strategy suggests that investors should consider buying index ETFs to capitalize on market rebounds [1]

Group 1 - The ETF market showed mixed performance with the online consumption ETF (159793) leading gains at 4.61% [1] - The Hong Kong Stock Connect Dividend ETF (159220) increased by 4.13%, while the medical device ETF (159797) rose by 3.77% [1] - Conversely, the ChiNext AI ETF (159381) experienced the largest decline at 3.16%, followed by the Sino-Korean Semiconductor ETF (513310) down 1.69%, and the gaming ETF (516770) down 1.64% [1] Group 2 - The market is undergoing adjustments, suggesting that investors may consider broad-based index funds for bottom-fishing opportunities [1]

Core Viewpoint - The article highlights the upcoming "Gelonghui Mid-term Strategy Summit 2025" taking place in Shenzhen on July 4-5, featuring various events aimed at providing insights into investment strategies and market trends for the second half of 2025 [1][2]. Group 1: Event Overview - The summit will include the 2025 Gelonghui Mid-term Strategy Conference, Global Institutional Investor Forum, and the release of the "Gelonghui Golden Award" ESG Excellence List, along with roadshows from numerous listed companies [2]. - The Global Institutional Investor Forum will invite top-performing secondary market investors to share their unique investment strategies and perspectives on investment directions for the latter half of 2025 [2]. Group 2: Featured Speaker - Li Mu Yang, a fund manager from Huatai-PB Fund, will be a key speaker at the forum, expected to provide valuable insights into investment strategies amidst the changing landscape of 2025 [2]. - Li Mu Yang has a strong background, including a master's degree from Columbia University and experience managing various ETFs, such as the Huatai-PB Photovoltaic ETF and the China-Korea Semiconductor ETF [2]. Group 3: Participation Details - The Global Institutional Investor Forum on July 5 is a paid event, with early bird pricing set at 688 yuan per person for front-row seats and 388 yuan for general seats, limited to 200 participants [2][3].

Market Overview - In the first week of June, the A-share market experienced a strong upward trend, with the Shanghai Composite Index rising by 1.13% to close at 3385.36 points, indicating a potential challenge to the 3400-point mark in the following week [1] - Over 1000 ETF products achieved positive returns, with a median market increase of approximately 1.32%, showing a significant improvement compared to previous weeks [2] ETF Performance - The leading sectors this week were artificial intelligence and Hong Kong pharmaceutical ETFs, with the top performer being the Huabao AI ETF (159363), which saw a weekly increase of 6.57% [2] - Other AI-related ETFs also performed well, with several exceeding a 6% increase [2] - The Hong Kong Innovation Drug ETF (159316) recorded a weekly increase of 6.47%, ranking second in the ETF performance list [7] Key Stocks and Trends - The Huabao AI ETF's major holdings include leading companies in computing power such as Xinyi Technology and Zhongji Xuchuang, with Xinyi Technology experiencing a weekly increase of 13% [5] - The South Korea-China Semiconductor ETF (513310) surged by 6.37%, benefiting from positive market sentiment following the new South Korean president's optimistic outlook on the market [7] Underperforming Sectors - Consumer-related ETFs showed overall weak performance, with the Bay Area ETF (512970) declining by 2.21%, marking the largest drop among ETFs this week [9] - Other consumer ETFs, including automotive and household appliance ETFs, also reported declines exceeding 1% [12][13]

具体聊了啥，无从得知，从资产价格的变化来看： 避险资产， 现货黄金 ，从日内的高位，3400美刀，短线跳水到3380美刀， 跌0.7%左右 ； 今天权益市场整体还是很强 ，A股这边，午后TMT开始集体拉涨，消息面上 ，全天，都在传今天双方可能通电话的事情，整体提振了市场的情 绪。 今晚19点的新闻联播显示，今天韩副会见了" 中美高级别二轨对话 "的美方代表团，所谓二轨 （Track 2） ，就是区别于政府直接参与的"一轨"， 指由智库、退休官员、学者及社会人士主导的民间对话 。 而晚上21点多不到，新华社消息，中美双方领导人通电话。 这么看来，电话可能应该是19点之后打的。 整体，市场对通话的定价是——小幅乐观。 ...... 回到今天的市场方面。 风险资产， 标普500美股期货 ，消息传出后， 拉涨0.3%左右 ，开盘后，标普500现货也是小涨，和期货变动一致。 新加坡的 富时A50期货 ， 涨0.3%左右 。 短期追高的，就只能喊一句shit了，正应了昨晚我们的封面图——花钱当买个教训了。 这两天，还有人搞了各种图，把近期最火的一些新消费的元素摆到了一起，下面这个， 如果把背景放在常州足球场的草坪上的话 ...

Group 1 - The ETF market showed mixed performance at midday, with the China-Korea Semiconductor ETF (513310) leading gains at 2.80% [1] - The Yangtze River Protection Theme ETF (517160) increased by 2.73%, while the Communication ETF (515880) rose by 2.39% [1] - The CICC Technology Pioneer ETF (560990) experienced the largest decline, falling by 4.86%, alongside the S&P Oil & Gas ETF (513350) and S&P Oil & Gas ETF (159518), both down by 2.52% [1]