This afternoon (May 28), the three major A-share indices quickly turned positive, with strong momentum in the technology and growth sectors. The STAR-ChiNext 50 ETF (588330), a broad-based hard-tech fund covering 50 leading high-growth companies from the ChiNext and STAR boards, extended its gains after hitting a new listing high yesterday. Its intraday price rose by up to 2.44% today, currently up 2.05%.
Amid the heated market activity, capital is actively flowing in. Data shows that the STAR-ChiNext 50 ETF (588330) attracted 23.96 million yuan in net inflows in a single day yesterday.
Among its constituent stocks, Xian Yicai-U, Jinghe Integration, Sanhuan Group, Semiconductor Manufacturing International Corporation (SMIC), Zhongji Innolight, China Resources Microelectronics, and NewEpoch Technology all reached new historical highs.
On the news front, Taiwan Semiconductor Manufacturing (TSM) plans to increase prices for its 3-nanometer process wafer foundry services in the second half of 2026, with hikes potentially reaching up to 15%. Further increases of 5% to 10% are possible in 2027. Industry insiders suggest this will directly benefit domestic foundries in terms of order acquisition and profit improvement through three mechanisms: "spillover demand for advanced processes," "industry price linkage," and "deepening of import substitution trends."
Huatai Securities Co., Ltd. emphasizes the technology sector in its mid-term strategy. According to Huatai Securities, referencing the "fund allocation clock" framework, there is still room for further increases in both positioning and stock prices within the technology segment. Considering current penetration rates, industry expectations, and potential catalysts, emerging industries currently entering the "singularity" phase are mainly concentrated in the AI industry chain's computing power segment, covering areas like memory, CPO, and liquid cooling. Industries still in the development and introduction phase are primarily focused on new AI computing technologies and AI applications.
Shenwan Hongyuan points out that the major wave of market activity is not over and is gathering strength for another move. Short-term momentum effects are concentrated in semiconductor equipment and computing power inflation areas (such as PCBs), while medium-term focus remains on the inflection point of new energy sector prosperity.
Over a longer horizon, the underlying index (the STAR-ChiNext 50 Index) of the STAR-ChiNext 50 ETF (588330) has surged by 146.04% over the past year, significantly outperforming major indices like the ChiNext 50 (121.94%) and the STAR 50 (86.60%), leading the pack among broad-based hard-tech funds. (Data period: May 27, 2025, to May 27, 2026. The STAR-ChiNext 50 Index's annual returns from 2021 to 2025 were: 0.37%, -28.32%, -18.83%, 13.63%, 60.86%. The index's constituent stocks are adjusted according to its compilation rules, and its back-tested historical performance does not indicate future results.)
[Unfazed by Sector Rotation, Bundle China's Core Tech in One Click] The broad-based hard-tech fund—the STAR-ChiNext 50 ETF (588330) and its off-exchange feeder funds (Class A: 013317 / Class C: 013318)—tracks an index that selects the 50 largest listed companies in strategic emerging industries from the STAR and ChiNext boards. It encompasses popular themes such as optical modules, semiconductors, and photovoltaic equipment. With a 20% daily price fluctuation limit, it may facilitate faster rebounds. Additionally, this ETF is eligible for [margin trading and securities lending] and [Stock Connect], making it an efficient tool for a one-click investment in new quality productive forces.
Risk Disclosure: The STAR-ChiNext 50 ETF passively tracks the CSI STAR-ChiNext 50 Index. The index's base date is December 31, 2019, and it was launched on June 1, 2021. Its constituent stocks are adjusted according to the index compilation rules, and its back-tested historical performance does not indicate future results. The index constituents mentioned are for illustrative purposes only. Descriptions of individual stocks do not constitute investment advice in any form, nor do they represent the holdings or trading动向 of any fund managed by the fund manager. The fund manager assesses the risk rating of the STAR-ChiNext Leaders ETF as R4 (Medium-High Risk), suitable for aggressive (C4) and above investors. Please refer to sales agencies for suitability matching opinions. Any information appearing herein (including but not limited to individual stocks, commentary, forecasts, charts, indicators, theories, any form of expression, etc.) is for reference only. Investors are responsible for any independent investment decisions. Furthermore, any views, analysis, or predictions herein do not constitute investment advice of any kind to readers, and no responsibility is assumed for any direct or indirect losses arising from the use of this content. Fund investment carries risks. The past performance of a fund does not guarantee its future results. The performance of other funds managed by the fund manager does not constitute a guarantee of the fund's performance. Invest in funds with caution.
A MACD golden cross signal has formed, indicating positive momentum for these stocks.
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