The market opened high and fluctuated, with the Sci-Tech Innovation Semiconductor ETF Huaxia (588170) and Semiconductor Equipment ETF Huaxia (562590) forming a bottom and rebounding.

As of the market close on April 1, the market opened higher and fluctuated. All three major indices rose by more than 1%, and the STAR Market 50 Index rose by more than 3%. From the perspective of sectors, the pharmaceutical sector continued its strong performance, and the computing hardware and computing leasing concept both showed active performance. On the downside, the power sector weakened, and the high-speed rail track intersection collectively fell.

Regarding ETFs, the China Innovation Semiconductor ETF Huaxia (588170) rose 2.21%, with the latest price at 1.619 yuan; the China Semiconductor Equipment ETF Huaxia (562590) rose 1.56%, with the latest price at 1.753 yuan.

In terms of capital inflows, the China Innovation Semiconductor ETF Huaxia saw a latest net capital inflow of 96.6051 million yuan. Looking over a longer period, within the past 22 trading days, there were net capital inflows on 14 days, with total “fund attraction” of 428 million yuan and average daily net inflows of 19.4763 million yuan; the China Semiconductor Equipment ETF Huaxia had a latest net capital inflow of 43.7776 million yuan. Looking over a longer period, within the past 22 trading days, there were net capital inflows on 12 days, with total “fund attraction” of 207 million yuan and average daily net inflows of 9.4295 million yuan.

On the news front, both the United States and Iran have issued signals of a ceasefire, and the direction of the situation is expected to gradually become clear.

On the trading board, today the China Innovation Semiconductor ETF Huaxia and the China Semiconductor Equipment ETF Huaxia both opened more than 2% higher, after which they followed a narrow-range fluctuation pattern, and ultimately closed above the 5-day and 10-day moving averages. From the moving average system, the 5-day moving average crossed above the 10-day moving average, forming a short-term “golden cross,” indicating a bottoming and rebound signal. In terms of technical indicators, the MACD has turned from green histogram bars to red histogram bars, showing that bullish momentum is gradually accumulating. Overall, it is possible that capital is accelerating its positioning by leveraging the current geopolitical window, betting on how the subsequent market develops.

Huatai Securities believes that panel-level packaging has become a widely held industry view as the next-stage form of advanced packaging, which helps improve area utilization. China’s advanced packaging layout has entered a three-party coordinated stage of “filling in for wafer fabs + OSAT expansion + domestic equipment localization,” and it is optimistic that the listing of Shenghe Jingwei will drive a revaluation of the packaging and testing sector.