On January 10, 2024, the market adjusted throughout the day, and the three major indexes all continued to hit new lows intraday. As of **, the Shanghai Composite Index fell 054%, the Shenzhen Component Index fell 055%, the GEM index fell 043%, northbound funds net **6 throughout the day900 million.
In terms of sectors, hotels, food, medical beauty, prefabricated dishes and other sectors were among the top gainers; MR, Hongmeng Concept, Media, Data Elements and other sectors were among the top decliners.
In terms of ETFs, Nikkei 225 ETF E Fund (513000SH), battery ETF (561910SH), PV 30ETF (560980SH), battery ETF** (562880SH), Consumption 30 ETF (510630SH) and other top gainers.
[Japanese stocks closed at a 33-year high, led by related ETFs].
On January 10, 2024**, Japan** opened higher and closed at a nearly 33-year high, with Nikkei 225 ETF E Fund (513000SH), ICBC Credit Suisse ** Nikkei ETF (159866) closed up respectively60%, the increase is in the first and sixth place in the ETF market, respectively.
On the news side, Japan's November labor cash income data slowed sharply to 02%, well below the expected 15%, real wages fell 3% year-on-year, also below expectations of 2%. The larger-than-expected slowdown in wage growth pressured the Bank of Japan to pivot, and Japanese stocks rose sharply.
The BofA report notes that Japan's economy is resilient, undervalued, and productivity is improving. BofA strategists believe there is 13% room in the Japanese market and expect the recent corporate governance reforms and restructuring to lead to higher returns, more management buyouts and buybacks.
Related ETFs:Nikkei ETF (159866.)SZ), Nikkei 225 ETF E Fund (513000SH), Nikkei ETF (513520SH), Nikkei 225 ETF (513880sh)
[The industry is about to be cleared, and battery ETFs are ahead of the curve**].
As of January 10, 2024**, the Battery ETF (561910SH) closed up 2%, ranking second in the ETF market, with a turnover of 26.61 million yuan. The data shows that the ** has received a net inflow of funds for 7 consecutive days.
On the news side, on January 5, 2024, according to the announcement of the Australian lithium mining company CoreLithium, due to the lithium concentrate ** in the last 12 months** more than 85% ** and since October 2023** more than 50%, the company decided to suspend the mining operations of its Finniss lithium project, kicking off the prelude to this round of Australian mine reduction and shutdown.
CITIC** expects that due to the systematic rise in the production cost of Australian lithium mines and the flexible production and marketing strategy of enterprises, the scale of this round of Australian mine production reduction and production will not rule out the possibility of further expansion. It is expected that the lithium price will be supported by about 80,000 tons, and the follow-up space of lithium prices is limited.
Related ETFs:Battery ETF (561910.)SH), battery 50ETF (159796SZ), lithium battery (561160SH), battery (561910SH), battery ETF** (562880sh)
[The photovoltaic sector makes efforts to promote the recovery of related ETFs].
As of January 10, 2024**, PV 30 ETF (560980SH) closed up 195%, with a turnover of 51.89 million yuan and a turnover rate of 2516%, the market is actively traded.
On the news side, one of the large-scale wind power photovoltaic base projects in the hinterland of the Qinghai-Tibet Plateau focusing on deserts, Gobi and desert areas, the 1 million kilowatt photovoltaic project of Qinghai Haixi Base has been connected to the grid. The project is also supported by the construction of a 100,000 kilowatt solar thermal project, which can effectively improve the power system's ability to absorb renewable energy and improve the stability of the power system.
Haitong ** believes that the photovoltaic sector has continued to adjust since the beginning of the year, and has fully responded to the possible intensification of competition in the industry, and the current valuation level is lower than the 18-year trough; It is believed that the photovoltaic industry chain has declined significantly in the past 23 years, which will help improve the yield of photovoltaic power generation, have a significant stimulating effect on terminal demand, and the future growth of the industry will be long-term.
Related ETFs:PV 30 ETF (560980.)SH), photovoltaic ETF (515790SH), photovoltaic ETF (159857SZ), PV 50 ETF (516880SH), PV 50 ETF (159864sz)
[The Science and Technology Innovation 50 Index continues to hit a new low, and the capital layout accelerates].
On January 10, 2024, the STAR 50 Index fell to 771 intraday58 points, a new record low, related ETFs continued to receive net inflows, and the share continued to hit new highs.
From a valuation perspective, the latest price-to-earnings ratio (PE-TTM) of the STAR Market 50 Index is only 3053 times, at 1 year in the last 1 year64% of the quantile, i.e. the valuation is lower than 98 in the last 1 yearMore than 36% of the time, at an all-time low.
China Securities Construction Investment believes that the overall valuation of the 50-point science and technology innovation board and the science and technology innovation board are at a historical low and cost-effective. At the same time, with the arrival of the global wave of scientific and technological innovation, the development of the artificial intelligence industry and the prospect of the domestic digital economy are expected to become the main line of subsequent investment on the Science and Technology Innovation Board. Therefore, strategically and tactically, the Science and Technology Innovation Board has shown good investment value and deserves the attention of investors.
Related ETFs:STAR 50 ETF (588000SH), Science and Technology Innovation Board 50 ETF (588080SH), Science and Technology ETF (588050SH), Science and Technology Innovation Board ETF (588090SH), Kechuang 50 ETF** (588180sh)
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