Market Performance - The three major A-share indices showed mixed results, with the Shanghai Composite Index down 0.06%, the Shenzhen Component Index up 0.4%, and the ChiNext Index up 1.01% [1] - The total trading volume in the Shanghai, Shenzhen, and Beijing markets was 15,617 billion yuan, a decrease of 1,219 billion yuan compared to the previous day [1] - Over 3,800 stocks in the market experienced declines [1] Sector Performance - The consumer sector weakened, with retail, catering, liquor, and e-commerce sectors showing significant declines [1] - The aluminum, gold, rare earth, and real estate industries also performed poorly [1] - In contrast, sectors such as Moore Threads, commercial aerospace, robotics, and semiconductors showed strong performance [1] ETF Performance - The Jiashi Fund's S&P Biotechnology ETF rose by 3.85%, while the semiconductor equipment sector saw expanded gains in the afternoon [1] - The following ETFs in the semiconductor equipment sector also reported gains: the China Merchants Fund Semiconductor Equipment ETF (up 3.63%), Huatai-PB Fund's Sci-Tech Semiconductor Equipment ETF (up 3.14%), and the Sci-Tech Semiconductor ETF Penghua (up 3.09%) [1] - The humanoid robot sector experienced a surge, with the Invesco Great Wall Fund's Robot 50 ETF and the E-Fund Robot ETF both rising by 3% [1] Consumer Sector Decline - The consumer sector faced widespread declines, particularly in food and beverage, with the liquor ETF and food and beverage ETF falling by 1.58% and 1.33%, respectively [1] - The tourism sector also showed negative performance, with the tourism ETF down by 1.54% [1] - Long-term government bond ETFs also declined, with the 30-year government bond ETF from Bosera and another 30-year government bond ETF both down by 1.34% and 1.32%, respectively [1]

ETF方面， 人形机器人板块全线爆发，机器人ETF易方达、景顺长城基金机器人50ETF、机器人ETF富 国均涨3%。半导体设备板块走强，科创半导体ETF鹏华、华泰柏瑞基金科创半导体设备ETF和华夏基金 科创半导体ETF分别涨2.82%、2.71%和2.65%。 大消费板块普跌，其中食品饮料领跌，酒ETF、食品饮料ETF基金分别跌1.58%、1.33%。旅游板块飘 绿，旅游ETF跌1.15%。超长期限国债ETF飘绿，30年国债ETF博时、30年国债ETF分别跌1.31%、 1.24%。 A股三大指数早盘集体上涨，截至午盘，上证指数涨0.04%，深成指涨0.35%，创业板指涨0.76%。沪深 京三市半日成交额10402亿元，较上日缩量354亿元。全市场近3500只个股下跌。 板块题材方面， 机器 人产业链活跃，具身智能、宇树机器人方向领涨；商业航天、低空经济概念股携手走强。超硬材料、大 消费、AI穿戴概念股走弱。 ...

科创半导体ETF鹏华紧密跟踪上证科创板半导体材料设备主题指数，上证科创板半导体材料设备主题指 数选取科创板内业务涉及半导体材料和半导体设备等领域的上市公司证券作为指数样本，以反映科创板 半导体材料和设备上市公司证券的整体表现。 数据显示，截至2025年11月28日，上证科创板半导体材料设备主题指数(950125)前十大权重股分别为拓 荆科技(688072)、中微公司(688012)、华海清科(688120)、沪硅产业(688126)、中科飞测(688361)、安集 科技(688019)、芯源微(688037)、天岳先进(688234)、盛美上海(688082)、华峰测控(688200)，前十大权 重股合计占比74.68%。 截至2025年12月4日 13:14，上证科创板半导体材料设备主题指数(950125)强势上涨2.74%，成分股拓荆 科技(688072)上涨6.41%，京仪装备(688652)上涨4.86%，芯源微(688037)上涨4.75%，中微公司 (688012)，中科飞测(688361)等个股跟涨。科创半导体ETF鹏华(589020)上涨3.00%，最新价报1.13元。 消息面上，存储芯片龙头 ...

（责任编辑：贺翀 ） A股低开高走，截至午盘，上证指数涨0.21%，深证成指涨0.72%，创业板指涨0.71%。全市场成交 额9836.00亿元，较上日成交额缩量1134亿元。全市场超3500家个股上涨。锂矿板块连续反弹，福建、 海南、大消费题材持续活跃，半导体设备、油气股表现不俗，CPO概念午前回升；医药、银行板块回 调，AI应用方向持续低迷。 ETF方面，半导体设备板块领涨，华夏基金科创半导体ETF、华泰柏瑞基金科创半导体设备ETF和 科创半导体ETF鹏华均涨超3%。稀有金属板块反弹，工银瑞信基金稀有金属ETF基金、广发基金稀有金 属ETF分别涨2%、1.99%。油气股表现不俗，银华基金油气资源ETF涨1.84%。 中药板块领跌，中药50ETF、中药ETF均跌1%。港股创新药板块走低，恒生医疗ETF、港股创新药 50ETF均跌1%。 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com ...

Market Overview - The A-share market experienced a collective decline in the morning session, with the Shanghai Composite Index down 0.19% at 3969.05 points, the Shenzhen Component Index down 1.27%, and the ChiNext Index down 1.51% [1] - The total trading volume in the Shanghai and Shenzhen markets was 123.11 billion yuan, a decrease of 16.74 billion yuan compared to the previous day, with over 3600 stocks declining [1] Semiconductor Sector Performance - The semiconductor sector showed positive performance, with the Kweichow Moutai Semiconductor ETF rising over 7%, and various semiconductor ETFs increasing by more than 2% [1][3] - The semiconductor equipment ETF tracks the CSI Semiconductor Materials and Equipment Index, with semiconductor equipment accounting for 61.4% and semiconductor materials for 21.9% [4] Investment Opportunities - Dongwu Securities highlighted the acceleration of new capacity expansion in storage fabs, indicating a historic development opportunity for domestic semiconductor equipment, with industry order growth expected to exceed 30% and potentially reach over 50% by 2026 [4] - Amazon signed a $38 billion agreement with OpenAI to provide computing power, which is expected to significantly boost the demand for AI-related infrastructure [5][6] Capital Expenditure Trends - North American cloud service providers reported a combined capital expenditure of $113.3 billion in Q3 2025, a 75% year-on-year increase, with a focus on AI infrastructure [6][7] - Companies like Google, Microsoft, and Meta are significantly increasing their capital expenditures for AI and data center infrastructure, indicating strong ongoing demand in the sector [6][7][8] Future Projections - Huawei's report predicts a tenfold increase in total computing power by 2035, emphasizing the transformative potential of general artificial intelligence [8] - The semiconductor industry is expected to benefit from a super cycle driven by AI, covering the entire supply chain from design to manufacturing and upstream equipment materials [8]

Group 1 - The ETF market showed mixed performance on November 4, with some ETFs experiencing gains while others faced declines [1][2] - Notable gainers included the Penghua Semiconductor ETF (589020) which rose by 2.30%, and the Innovation Semiconductor ETF (588170) which increased by 2.15% [1][2] - Significant decliners included the Nikkei 225 ETF (513880) which fell by 4.53%, and the China-Korea Semiconductor ETF (513310) which dropped by 4.34% [1][2] Group 2 - The latest prices and percentage changes for the top performing ETFs were: - Penghua Semiconductor ETF (589020) at 1.155 with a 2.30% increase - Innovation Semiconductor ETF (588170) at 1.423 with a 2.15% increase - Bank ETF Index Fund (516210) at 1.427 with a 2.15% increase - Bank ETF E Fund (516310) at 1.384 with a 2.14% increase [2] - The latest prices and percentage changes for the worst performing ETFs included: - Nikkei 225 ETF (513880) at 1.874 with a 4.53% decrease - China-Korea Semiconductor ETF (513310) at 2.708 with a 4.34% decrease - NASDAQ Biotechnology ETF (513290) at 1.431 with a 3.90% decrease [2]

Group 1 - The A-share market experienced a collective decline in the morning session, with the Shanghai Composite Index down by 0.19%, the Shenzhen Component Index down by 1.27%, and the ChiNext Index down by 1.51% [1] - The total trading volume in the Shanghai, Shenzhen, and Beijing markets reached 1.2311 trillion yuan, a decrease of 167.4 billion yuan compared to the previous day [1] - Over 3,600 stocks in the market saw declines, while sectors such as banking, insurance, and coal mining showed gains [1] Group 2 - In the ETF market, the semiconductor sector performed well, with notable increases in the Penghua, Huaxia, and Huatai-PB semiconductor ETFs, rising by 2.3%, 2.15%, and 2.02% respectively [1] - The banking sector also saw a rise, with the Bank ETF from Huazhang, E-Fund, and Southern gaining 2% [1] - Some cross-border ETFs strengthened, with the Southern Asia-Pacific Select ETF increasing by 1.9% [1] Group 3 - Japanese stocks slightly declined by 0.1%, with the Nikkei 225 ETF dropping by 4.53% and a latest premium/discount rate of 7.63% [2] - The South Korean stock market also retreated, with the China-Korea semiconductor ETF falling by 4.34% [2] - Gold stocks continued to weaken, with the gold stock ETF decreasing by 3.14% [2]

Core Viewpoint - The ETF market showed mixed performance on November 4, with some ETFs experiencing gains while others faced declines [2] Group 1: ETF Performance - The following ETFs saw increases: - Penghua Sci-Tech Semiconductor ETF (589020) rose by 2.30% - Sci-Tech Semiconductor ETF (588170) increased by 2.15% - Bank ETF Index Fund (516210) gained 2.15% - E Fund Bank ETF (516310) went up by 2.14% [2] - Conversely, the following ETFs experienced declines: - Nikkei 225 ETF (513880) fell by 4.53% - China-Korea Semiconductor ETF (513310) decreased by 4.34% - NASDAQ Biotechnology ETF (513290) dropped by 3.90% [2]

Market Overview - The three major A-share indices experienced a collective decline in the morning session, with the Shanghai Composite Index down 0.63%, the Shenzhen Component Index down 0.62%, and the ChiNext Index down 1.49% [1] - The North Stock 50 index, however, saw an increase of 3.43% [1] - The total trading volume in the Shanghai and Shenzhen markets reached 1.5792 trillion yuan, an increase of 20 billion yuan compared to the previous day [1] - Over 3,800 stocks in the market recorded gains [1] Sector Performance - The sectors that performed well included film and theater, AI corpus, innovative pharmaceuticals, batteries, Hainan Free Trade Zone, and gaming, which saw the highest gains [1] - Conversely, sectors that faced declines included storage chips, insurance, CPO, rare earth permanent magnets, coal mining and processing, and controllable nuclear fusion [1] ETF Performance - The innovative pharmaceutical sector saw a comprehensive rebound, with the ETF for innovative pharmaceuticals by Xingtianfu and Guotai rising by 5.84% and 5.75% respectively [1] - Hong Kong stocks in the innovative pharmaceutical sector also followed suit, with ETFs from ICBC, Xingtianfu, and Huatai-PB rising over 4% [1] - The AI application sector rebounded, with the film ETFs from Guotai and Yinhua rising by 3.95% and 3.89% respectively [1] - The AI hardware sector faced significant declines, with communication ETFs, communication equipment ETFs, and 5G communication ETFs all dropping over 4% [1] - The semiconductor sector also weakened, with the Xingtian semiconductor ETF and Penghua semiconductor ETF both declining by 4% [1]

Group 1 - The core viewpoint of the news highlights a significant advancement in the photolithography technology, which is crucial for the continuous miniaturization of integrated circuit chip manufacturing. A research team led by Professor Peng Hailin from Peking University has successfully utilized cryo-electron tomography to analyze the three-dimensional structure, interfacial distribution, and entanglement behavior of photoresist molecules in a liquid phase environment, leading to a new industrialization scheme that significantly reduces photolithography defects [1] - The current landscape of China's photoresist industry is characterized by a "multi-point blooming, tiered breakthrough" pattern, as noted by Changjiang Securities. The industry is supported by three main logics: continuous market expansion, vast potential for domestic substitution, and technological breakthroughs that address industrialization bottlenecks, alongside a dual drive from policy and demand, indicating the industry is entering a period of benefit release [1] - The Chinese photoresist industry is transitioning from a "technological breakthrough phase" to a "scale-up release phase" and a "profitability realization phase" [1] Group 2 - As of October 27, 2025, the Shanghai Stock Exchange Sci-Tech Innovation Board Semiconductor Materials and Equipment Theme Index (950125) has surged by 3.80%, with notable increases in constituent stocks such as Aisen Co., Ltd. (688720) rising by 11.45%, Tuojing Technology (688072) by 6.57%, and Zhongwei Company (688012) by 5.36% [1] - The Penghua Sci-Tech Semiconductor ETF closely tracks the performance of the Shanghai Stock Exchange Sci-Tech Innovation Board Semiconductor Materials and Equipment Theme Index, which includes listed companies involved in semiconductor materials and equipment [2] - As of September 30, 2025, the top ten weighted stocks in the Shanghai Stock Exchange Sci-Tech Innovation Board Semiconductor Materials and Equipment Theme Index account for 74.36% of the index, including companies like Zhongwei Company (688012) and Huahai Qingke (688120) [2]