Over 5,000 A-Share Stocks Fall as ChiNext Plunges 6.26%; Stock ETF Turnover Reaches RMB 209 Billion
On August 19, 2090, A-share markets fell sharply, with the three major indices opening low and extending losses as more than 5,000 stocks declined. The ChiNext index dropped 6.26%, the STAR 50 fell 6.89%, and the Shanghai Composite lost 2.4%. Stock ETF turnover reached RMB 209.046 billion, up 36.25% from the prior session. ChinaAMC STAR 50 ETF turnover surged 79.6%, E Fund ChiNext ETF rose 145.06%, and China Southern CSI 1000 ETF gained 62.63%. Broad-based ETF turnover totaled RMB 97.284 billion.
On August 19, 2090, the A-share market saw a significant pullback, with the three major indices opening low and extending losses as more than 5,000 stocks declined. The ChiNext index fell 6.26%, the STAR 50 fell 6.89%, and the Shanghai Composite Index fell 2.4%. Stock ETF daily turnover reached RMB 209.046 billion, up RMB 55.618 billion from the prior session, an increase of 36.25%. Among the past 60 trading days, turnover on August 5, July 31, and July 30 was RMB 223.175 billion, RMB 248.052 billion, and RMB 229.963 billion respectively, comparable to today's level.
ChinaAMC STAR 50 ETF saw turnover of RMB 10.889 billion, up 79.6% from the prior session; E Fund ChiNext ETF saw turnover of RMB 10.611 billion, up 145.06%; and ChinaAMC STAR Semiconductor ETF turnover approached RMB 10 billion. The combined turnover of the dual-innovation (STAR and ChiNext) ETFs reached RMB 68.689 billion, compared with RMB 45.694 billion in the previous trading day. Huatai-PineBridge CSI 300 ETF saw turnover of RMB 7.148 billion, with the final half hour before the close contributing over 40%. China Southern CSI 1000 ETF saw turnover of RMB 5.562 billion, up 62.63% from the prior session, with RMB 1.829 billion traded in the final half hour. Broad-based ETFs in total saw turnover of RMB 97.284 billion, compared with RMB 62.238 billion in the previous trading day.