Zhongyuan Securities pointed out that among recent broad-based indices, the STAR 50 Index performed prominently, rising by 5.53%. In terms of sector performance, technology-related sectors such as communications (7.66%) and electronics (7.02%) led the gains, reflecting increased market attention on technological innovation. The price-to-earnings ratio of the electronics sector reached 53.13 times, at a relatively high level, indicating investors’ optimistic expectations for technology growth. Additionally, thematic concept indices such as fintech (9.3%) and semiconductor industry (6%) were among the top gainers, further confirming the active technology theme. The current market style favors growth, with the 800 Growth Index (+5.1%) significantly outperforming the Value Index (+0.24%). As a representative broad-based index for technology growth, the SSE STAR Market Composite Index’s component sectors, such as electronics and computers, have higher valuations than traditional sectors, but continuous capital inflows show long-term market confidence in industrial upgrading and policy support.

Cathay SSE STAR Market Composite Index ETF (589630) tracks the SSE STAR Market Composite Index (000680), with a single-day price fluctuation of up to 20%. The index consists of non-ST and non-*ST stocks listed on the Shanghai Stock Exchange’s STAR Market for over one year, calculated using a total market capitalization weighting method. It covers a wide range of technology industries to reflect the overall performance of the STAR Market. The index components include large, mid, and small-cap stocks, with a style偏向 (leaning toward) technological innovation and growth.

Investors without stock accounts can consider Cathay SSE STAR Market Composite ETF Connect A (023733) and Cathay SSE STAR Market Composite ETF Connect C (023734).

Note: Any mentioned stocks are for reference only and do not constitute investment advice. Short-term fluctuations and historical performance of indices/funds are for analytical reference only and do not indicate future performance. Market views change with market conditions and do not constitute any investment advice or commitment. Indices mentioned are for reference only and do not constitute investment advice or predictions or guarantees of fund performance. If purchasing related fund products, please choose products matching your risk level. Funds carry risks, invest with caution.