ETF Today’s Closing Review | Hang Seng Healthcare ETF Soars to Limit, Chemical Industry-Related ETFs Rise Over 3%

Ask AI · Brokerages are optimistic about the chemical industry’s dawn; how will supply-and-demand improvements drive a rebound in business sentiment?

Everyday Business News Reporter: Ye Feng    Everyday Business News Editor: Zhao Yun

The market saw wide intraday volatility, and the three major indices ultimately all closed higher. Judging by sectors, the chemical sector continued to strengthen, the PCB concept fluctuated and surged, and the sports concept was repeatedly active; on the decline side, the big finance sector fell.

For ETF price movements, the Hang Seng Healthcare ETF Da Cheng hit the daily limit, and chemical-related ETFs rose by more than 3%.

Some brokerages said that chemicals are a typical cyclical industry. It usually goes through a five-year cycle and experiences four stages: “rising earnings — capacity expansion — earnings bottoming out — capacity clearance/demand expectation improvement.” With the growth rate of capital expenditures turning negative, efforts to curb involution, overseas interest rate cuts, and measures to boost domestic demand, they are optimistic about the chemical industry’s “dawn” in the phased opening stage of the 15th Five-Year Plan. Currently, the industry is at the bottom of the cycle, and improvements in the supply-and-demand landscape may accelerate the rebound in business sentiment.

On the decline side, the Hu’an fell by nearly 3% in the Hong Kong Stock Connect 100 ETF.

Daily Economic News