Major A-share indices experienced a collective adjustment today (July 13), likely influenced by geopolitical tensions in the Middle East and volatility in the South Korean market. The ChiNext Index fell over 3%, and the STAR Composite Index declined more than 4%. The hard technology broad-based ETF covering 50 leading high-growth companies from the ChiNext and STAR boards, the SSE Sci-Tech Innovation Board 50 ETF (588330), followed the market lower, with its on-market price closing down 3.31%. This dip may present an opportunity for capital deployment. In fact, this ETF has attracted a net inflow of 54.86 million yuan over the past two trading sessions. Extending the view, it has amassed a total of 193 million yuan over the last 20 trading days.
Among its constituent stocks, Muxi Co., Ltd.-U rose nearly 7%, hitting a new all-time high! Empyrean Technology Co.,Ltd. (ASX: 301269) gained over 6%. Contemporary Amperex Technology Co., Limited and Moore Threads-U increased by more than 2%, while Zhongji Innolight Co., Ltd. and ACM Research (Shanghai), Inc. rose over 1%. On the other hand, leading memory chip firm Bewinner Storage Co., Ltd. dropped more than 12%, and Longsys Electronics Co., Ltd. fell over 11%, leading the declines and weighing on the index performance.
Key Sectors Defy Market Trend
In the market, sectors like computing power chips and EDA concepts showed active resilience, with notable highlights:
1. In computing power chips, Muxi Co., Ltd. reached a historical high. From July 17 to 20, the 2026 World Artificial Intelligence Conference and the High-Level Meeting on Global AI Governance (WAIC) will be held, where Muxi is set to launch its "Xijing" S-series hyper-node products. Additionally, the sustained surge in domestic AI computing power demand has opened a large-scale replacement window for domestically developed GPUs. Domestic large models, intelligent computing centers, and cloud-based autonomous driving all require substantial general-purpose computing power. With restricted supply of overseas high-end chips, this leaves ample market space for full-stack self-developed manufacturers like Muxi.
2. In the EDA concept sector, Empyrean Technology Co.,Ltd. defied the market to rise 6.61%. EDA giant Synopsys had informed over ten chip manufacturers during April and May that its software suite would enter a "sunset" process, stating it was shifting resources to its highest-value products. This event highlights the urgency of substituting domestic EDA tools, directly benefiting the upstream EDA software segment of the semiconductor industry chain and reflecting market expectations for an accelerated pace of domestic substitution.
Institutional Perspectives
Guosen Securities noted that the relative fundamental advantages in the technology sector persist, the macro liquidity environment remains relatively stable, and the industry structure is undergoing rebalancing rather than a reversal. Shenwan Hongyuan pointed out that the AI industry trend remains the main battleground for major market waves. Continued leadership in the technology sector, coupled with a more diversified structure of rising stocks, is characteristic of a complete major wave cycle.
A Strategic Approach to Tech Investing
At the current juncture, rather than heavily concentrating on a single sub-sector, a more efficient strategy to capture technology market trends might be through a hard technology broad-based ETF that bundles popular themes. Data shows that the underlying index of the SSE Sci-Tech Innovation Board 50 ETF (588330) has surged 122.23% over the past year, significantly outperforming major indices like the SSE STAR 50 and the ChiNext 50, leading among hard technology broad-based products.
Comprehensive Access to Core Technology
The hard technology broad-based ETF—the SSE Sci-Tech Innovation Board 50 ETF (588330) and its off-exchange feeder fund (Class A: 013317, Class C: 013318)—selects 50 listed companies in strategic emerging industries with larger market capitalizations from the STAR Market and ChiNext Board as its index components. It encompasses popular themes such as optical modules, semiconductors, and photovoltaic equipment. Its top holdings include leading stocks like Contemporary Amperex Technology Co., Limited, Zhongji Innolight Co., Ltd., Cambricon Technologies Corporation Limited, and Semiconductor Manufacturing International Corporation. With a 20% daily price limit, it may facilitate faster rebounds. Furthermore, this ETF is eligible for margin trading and securities lending and is included in the Stock Connect program, serving as an efficient tool for gaining exposure to new quality productive forces.
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