Everyday Economic News Reporter: Ye Feng Editor: Peng Shuiping
The market experienced fluctuations throughout the day, with the three major indices opening high and closing low, and the Shanghai Composite Index once again falling below the 3,900-point mark. In terms of sectors, the computing hardware concept rose against the trend, the computing leasing concept saw partial gains, and the industrial gas concept fluctuated higher; on the downside, the power and coal sectors weakened.
In terms of ETF performance, the Hong Kong Stock Connect 100 ETF Huaan rose over 6%, and communication-related ETFs rose over 2%.
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Some brokerages have stated that AI may be the largest industrial opportunity since cloud computing. From a hardware perspective, in addition to GPUs maintaining a rapid growth rate, ASICs may become the second growth engine this year, with the performance of the North American computing industry chain expected to maintain high growth in the coming quarters. On the demand side, the growth of cloud revenue and capital expenditure investment from North American cloud providers is resonating, with a clear AI closed loop, and development is still in an upward channel.
The current AI trend is clear, with high capital expenditure growth from domestic and foreign cloud providers. The communication sector, as a &#34;shovel seller&#34; in the computing industry, is expected to continue growing in market size.
On the downside, ETFs related to breeding and building materials fell over 2%.
<img src="https://imageproxy.pbkrs.com/https://inews.gtimg.com/om_bt/O6WXqS3-uy-X3slWjBswKPlP1edZO9xisvglQq5xoXvGMAA/641?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://inews.gtimg.com/om_bt/O6WXqS3-uy-X3slWjBswKPlP1edZO9xisvglQq5xoXvGMAA/641"/>
Some brokerages have indicated that the trend of refined policy regulation will continue in 2026. Under the combined effects of policy and losses, capacity reduction is expected to gradually accelerate, and the industry is currently in a critical stage of capacity reduction and a window period for left-side layout. In addition, the pig farming industry is already at the bottom of the cycle, and policies are accelerating the elimination of inefficient capacity, providing support for the start of a new cycle.
In terms of building materials, the industry's profitability has currently bottomed out, and prices have no downward space after years of competition. This time, leveraging anti-involution policies, the industry has a strong demand for price increases and profit improvement. In 2025, multiple categories such as waterproofing, coatings, and gypsum boards will continue to issue price increase letters, and industry profitability is expected to bottom out, with expectations for profit improvement for leading enterprises in 2026.
Everyday Economic News

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Today, the Hong Kong Stock Connect 100 ETF Huaan rose over 6%, while communication-related ETFs increased by more than 2%. The overall market experienced fluctuations and adjustments, with the Shanghai Composite Index falling below 3,900 points. The computing hardware and leasing concepts performed strongly, while the power and coal sectors weakened. Brokers pointed out that the AI industry presents significant opportunities, and the North American computing industry chain is expected to maintain high growth rates. The breeding and building materials ETFs fell by more than 2%, as the industry is in a critical stage of capacity reduction, with future profitability expected to improve

腾讯新闻 - 财经

ISHRS S&P Glb It

Harvest SSE STAR Chip ETF

Fullgoal SSE STAR Chip ETF

Global X AI Semiconductor & Quantum ETF

ChinaAMC SSE STAR Semiconductor Material & Equipment Thematic ETF

Huaan CES HK Equities Selected 100 ETF

China Merchants CSI Semiconductor Industry ETF

ChinaAMC Guozheng Semiconductor Chip ETF

Comm Servcies Select Sector SPDR

China Southern CSI Semiconductor Industry Custom ETF

SPDR S&P Semicon

VGtelecomm

China Merchants CSI Robot ETF

GTJA Allianz SSE STAR Chip Design Thematic ETF

ChinaAMC CSI 5G Communication ETF

Harvest CSI All Share Integrated Circuit ETF

E Fund CSI Hongkong Bond Investment Theme ETF

VanEck Semiconductor ETF

Guotai CSI Computer Theme ETF

Global X Funds Global X Artificial Intelligence & Tech ETF

GF Fund CNI Communication ETF

Invesco Semiconductors ETF

Guotai CSI All Share Communications Equipment ETF

iShares Future AI & Tech ETF

GTJA Allianz CSI All Share Semiconductors & Semiconductor Equipment ETF

China Universal CSI Robot ETF

E Fund CSI Telecom Thematic ETF

Global X Robotics & Artificial

Wisdomtree Artificial Intelligence And Innovation Fund - ETF

E Fund CSI Semiconductor Material & Equipment Thematic ETF

Direxion Semicon Bull 3X

Harvest CNI Communication ETF

Guotai CSI Semiconductor Material Equipment Theme ETF

iShares Semiconductor ETF

Guotai CES Semiconductor Chip Industry ETF

ChinaAMC SZSE ChiNext Artificial Intelligence ETF

Ping An CSI Artificial Intelligence ETF

Tianhong CSI Computer Theme ETF

iShares US Telecommunications

ETF Daily Review | Hong Kong Stock Connect 100 ETF Huaan rose over 6%, communication-related ETFs rose over 2%