Group 1 - The ETF market showed mixed performance on the 19th, with the S&P Biotechnology ETF (159502) leading gains at 2.92% [2] - The Coal ETF (515220) increased by 2.52%, while the 180 Governance ETF (510010) rose by 2.43% [2] - The CSI A50 ETF (512250) experienced the largest decline, dropping by 9.35%, followed by the Sci-Tech 50 ETF (588720) which fell by 4.13%, and the Auto Parts ETF (159565) which decreased by 3.52% [2]

Group 1 - The Hong Kong Stock Connect innovative drug ETF (520880) led the gains with an increase of 5.06% [1] - The Huatai-PB innovative drug ETF (517120) rose by 4.95% [1] - The Tianhong innovative drug ETF (517380) increased by 4.56% [1] Group 2 - The 180 governance ETF (510010) was the biggest loser, declining by 2.71% [1] - The German ETF (159561) fell by 2.36% [1] - The French CAC40 ETF (513080) decreased by 2.16% [1]

Market Overview - The A-share market showed narrow fluctuations with the Shanghai Composite Index down 0.08%, Shenzhen Component down 0.04%, and the ChiNext Index up 0.92% as of midday [1] - The total trading volume in the Shanghai and Shenzhen markets reached 1,145.9 billion yuan, an increase of 7.1 billion yuan compared to the previous day [1] - Over 3,800 stocks declined across the two markets [1] Sector Performance - The CRO, PET copper foil, and semiconductor sectors experienced gains, while glyphosate and insurance sectors saw adjustments [1] ETF Performance - The Tianhong Innovative Drug ETF (517380) led the gains with an increase of 4.56%, followed by the Guotai Innovative Drug ETF (517110) with a 4.26% rise, and the Hong Kong Stock Connect Innovative Drug ETF (520880) up 3.90% [2] - Other notable ETFs included the Hong Kong Stock Connect Innovative Drug ETF (159570) up 3.87% and the Huatai Innovative Drug ETF (517120) up 3.85% [2] Company Highlights - WuXi AppTec (药明康德) reported a revenue of 20.799 billion yuan for the first half of 2025, a year-on-year increase of 20.64%, with net profit attributable to shareholders reaching 8.56 billion yuan, up 101.92% [2] - The company announced a mid-term dividend plan totaling approximately 1 billion yuan, proposing a cash dividend of 3.5 yuan per 10 shares [2] - WuXi AppTec's CEO, Li Ge, stated that the company achieved strong double-digit growth in revenue and profit for the second quarter, reflecting the unique advantages of its CRDMO business model [3] - The company has raised its full-year revenue target for 2025 and adjusted its free cash flow target accordingly [3]

Group 1 - The ETF market opened with mixed results, with the oil and gas resources ETF (159309) leading gains at 10.00% [1] - The Yangtze River Protection Theme ETF (517160) increased by 4.14%, while the A500 ETF Yongying (159386) rose by 2.96% [1] - Conversely, the gold stock ETF (517520) led the declines with a drop of 1.64%, followed closely by the Shanghai Gold ETF Fund (159831) which fell by 1.63% [1] - The 180 Governance ETF (510010) also experienced a decline, decreasing by 1.53% [1] Group 2 - The market sentiment suggests that investors are encouraged to buy index ETFs to capitalize on potential rebounds [1]

Group 1 - The military industry ETFs showed strong performance, with the leading military ETF (512710) rising by 4.24%, the governance ETF (510010) increasing by 3.90%, and the national defense ETF (512670) up by 3.78% [1] - In contrast, the biotechnology sector faced declines, with the S&P biotechnology ETF (159502) leading the drop at 5.08%, followed by the NASDAQ biotechnology ETF (513290) down by 4.23%, and the Hang Seng innovative drug ETF (520500) falling by 4.14% [1] - The market trend suggests that investors are favoring index ETFs for rebound opportunities, particularly those that package market leaders [1]

Core Viewpoint - The ETF market showed mixed performance, with the China Securities 2000 ETF leading gains while the Saudi ETF experienced the largest decline [1] Group 1: ETF Performance - The China Securities 2000 ETF (563200) increased by 6.40% [1] - The Rare Earth ETF (516150) rose by 5.22% [1] - The Internet ETF (159729) gained 5.07% [1] - The Saudi ETF (520830) declined by 1.71% [1] - The 180 Governance ETF (510010) fell by 1.28% [1] - The Energy and Chemical ETF (159981) decreased by 1.26% [1] Group 2: Investment Strategy - The recommendation is to buy index ETFs to capitalize on market rebounds [1]