The technology sector saw a broad-based advance today, with particularly strong performances in semiconductors, communications, computer equipment, and consumer electronics. As of the latest update, the Digital Economy ETF (159385) recorded an intraday gain of 4.43%, while the Big Data ETF (515400) rose 4.39% and the Consumer Electronics ETF (561100) climbed 4.07%. Among the holdings of the Digital Economy ETF, Shihua Circuit hit the daily limit up, and Xinke Mobile surged over 9%.
On the news front, data from the Ministry of Industry and Information Technology showed that cloud computing and big data services generated revenue of 280.9 billion yuan in the first two months of the year, a year-on-year increase of 11.4%, accounting for 19.4% of total information technology service revenue.
Market demand is also showing signs of recovery. According to Omdia, China's PC market shipments are expected to grow 6% year-on-year in 2025, while tablet shipments are projected to jump 14%. The synchronized improvement in both software and hardware data provides ongoing support for the big data, cloud computing, chip design, and smart device supply chains.
The Digital Economy ETF (159385) closely tracks the CSI Zhengtong State-Owned Enterprise Digital Economy Index (931529.CSI), which includes leading companies in segments such as integrated circuit manufacturing, semiconductor equipment, digital chip design, telecommunications operators, and communication equipment. Its top ten holdings include SMIC, Naura Technology, Hygon Information, Sugon, AMEC, and ZTE.
A bullish MACD crossover signal has formed, indicating positive momentum for several stocks in the sector.
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