China’s ETF market showed divergent sector performance at Wednesday’s open, with auto-related funds leading gains while tech-focused ETFs lagged. The Auto Parts ETF (562700) surged 2.97%, followed by Shenzhen 100 ETF Yinhua (159969, +2.74%) and another Auto Parts ETF (562260, +2.10%), reflecting strong momentum in vehicle component stocks amid new NEV subsidy rumors.
On the downside, the 500 Growth ETF (159620) dropped 2.75%, dragged by profit-taking in mid-cap tech holdings, while the Big Data ETF (515400) fell 1.41% and the German ETF (159561) declined 0.75% on eurozone growth concerns. The split trends highlight ongoing sector rotation from growth to cyclical plays.
The auto ETF rally aligns with June sales rebound expectations, whereas tech weakness follows recent overheated valuations. Global-linked ETFs like the Germany fund tracked overseas market softness.
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