Multiple Oil and Gas-Related ETFs Hit Limit Up

Jin10 Data, March 2nd — Today, 40% of ETFs rose in the market, including the S&P Oil & Gas ETF, Oil ETF, Oil & Gas ETF YinHua, Oil & Gas ETF HuaTaiBoRui, Oil & Gas ETF HuiTianFu, Oil ETF Franklin, among others. Several oil and gas-related ETFs hit the limit up. Additionally, Gold Stock ETFs, Gold Share ETFs, and Gold Share ETFs ICBC all increased by over 7%. Bank of China Fund stated that in the medium term, gold prices may remain in a relatively strong and volatile pattern. Geopolitical factors mainly influence gold prices in the short term, but current multiple logical factors may support precious metal prices. Morgan Asset Management said that after digesting short-term disturbances, the market's structural opportunities around “technological independence” and “domestic demand recovery” remain clear. Investors may consider maintaining patience amid rotation to position for future trends. Morgan Stanley Fund also noted that, considering that the emotional impact of this event outweighs the fundamentals, it is unlikely that the market will form a trend of decline. It is more probable that the market will continue to rotate between the two main themes of cycles and technology. In the technology sector, they remain optimistic about the allocation value of overseas computing power (including optical modules, AI computing, etc.), semiconductors, and domestic computing power.