Shanghai-Shenzhen Stock Connect ETFs Daily Report: Chemical ETFs Lead Against the Tide! Semiconductor Equipment Names Slump Over 3% Broadly as Sector Rotation Accelerates - 20260828

NewTimeSpace News: On 28 August 2026, chemical and petrochemical directions led the Shanghai-Shenzhen Stock Connect ETFs. The Tianhong CSI Subdivision Chemical Industry Theme ETF (159133.SZ) gained 2.33% and the E Fund CSI Petrochemical Industry ETF (516570.SH) rose 2.30%; the ChinaAMC China Science And Technology Innovation Board Semiconductor Material Equipment Theme ETF (588170.SH) fell 3.01%, with semiconductor equipment and STAR chip ETFs retreating broadly. NewTimeSpace monitoring showed a clear rotation featuring stronger chemicals and petrochemicals versus pressured semiconductor and chip names.

NewTimeSpace News: On 28 August 2026, the Shanghai-Shenzhen Stock Connect ETF market showed cyclical resource directions such as chemicals, petrochemicals and gold stocks rising against the tide, while previous session's leaders — STAR semiconductors, semiconductor equipment and STAR chips — retreated sharply across the board, with sector rotation clearly in evidence.

Chemical and petrochemical themes were active on the day. The Tianhong CSI Subdivision Chemical Industry Theme ETF (159133.SZ) led with a 2.33% advance; the E Fund CSI Petrochemical Industry ETF (516570.SH) rose 2.30%; the Hwabao WP CSI Subdivision Chemical Industry Theme ETF (516020.SH) added 2.17%; the Fullgoal CSI Subdivision Chemical Industry Theme ETF (516120.SH) gained 2.01%; the ChinaAMC CSI Petrochemical Industry ETF (159731.SZ) rose 1.99%; the Harvest CSI Subdivision Chemical Industry Theme ETF (159129.SZ) climbed 1.84%; and the Penghua CSI Subdivision Chemical Industry Theme ETF (159870.SZ) added 1.83%.

Grain and gold-stock directions strengthened in tandem: the Penghua Guozheng Food industry ETF (159698.SZ) rose 1.77%; the Maxwealth CSI Shanghai-Shenzhen-Hong Kong Gold Industry Commodity ETF (517520.SH) gained 1.74%; and the Guotai CSI Shanghai-Shenzhen-Hong Kong Gold Industry Commodity ETF (517400.SH) advanced 1.69%. Overall, chemicals, petrochemicals and grain formed a degree of sector-wide momentum, with all top-10 gainers advancing more than 1.6%.

Shanghai-Shenzhen Stock Connect ETF Top 10 Gainers

No.

Code

Name

Change (%)

Tracking Index

Manager

1

159133.SZ

Tianhong CSI Subdivision Chemical Industry Theme ETF

2.33

CSI Subsector Chemical Industry Theme Index

Tianhong Asset Management

2

516570.SH

E Fund CSI Petrochemical Industry ETF

2.30

CSI Petrochemical Industry Index

E Fund Management

3

516020.SH

Hwabao WP CSI Subdivision Chemical Industry Theme ETF

2.17

CSI Subsector Chemical Industry Theme Index

Hwabao WP Fund Management

4

516120.SH

Fullgoal CSI Subdivision Chemical Industry Theme ETF

2.01

CSI Subsector Chemical Industry Theme Index

Fullgoal Fund Management

5

159731.SZ

ChinaAMC CSI Petrochemical Industry ETF

1.99

CSI Petrochemical Industry Index

China Asset Management

6

159129.SZ

Harvest CSI Subdivision Chemical Industry Theme ETF

1.84

CSI Subsector Chemical Industry Theme Index

Harvest Fund Management

7

159870.SZ

Penghua CSI Subdivision Chemical Industry Theme ETF

1.83

CSI Subsector Chemical Industry Theme Index

Penghua Fund Management

8

159698.SZ

Penghua Guozheng Food industry ETF

1.77

CNI Grain Index

Penghua Fund Management

9

517520.SH

Maxwealth CSI Shanghai-Shenzhen-Hong Kong Gold Industry Commodity ETF

1.74

CSI Shanghai-Shenzhen-Hong Kong Gold Industry Commodity Index

Maxwealth Fund Management

10

517400.SH

Guotai CSI Shanghai-Shenzhen-Hong Kong Gold Industry Commodity ETF

1.69

CSI Shanghai-Shenzhen-Hong Kong Gold Industry Commodity Index

Guotai Asset Management

Source/Compiled by: Wind / NewTimeSpace Research Institute, as of the close onAugust 28, 2026

On the downside, STAR semiconductor and semiconductor equipment led the declines, with the previous session's leaders retreating across the board. The ChinaAMC China Science And Technology Innovation Board Semiconductor Material Equipment Theme ETF (588170.SH) fell 3.01%, the steepest drop; the Huatai-PB China Science And Technology Innovation Board Semiconductor Material Equipment Theme ETF (588710.SH) declined 3.00%; the Guotai CSI Semiconductor Material Equipment Theme ETF (159516.SZ) slipped 2.96%; the Penghua China Science And Technology Innovation Board Semiconductor Material Equipment Theme ETF (589020.SH) eased 2.95%; the E Fund CSI Semiconductor Material Equipment Theme ETF (159558.SZ) lost 2.92%; the GF CSI Semiconductor Material Equipment Theme ETF (560780.SH) fell 2.83%; the Wanjia CSI Semiconductor Material Equipment Theme ETF (159327.SZ) declined 2.77%; the ChinaAMC CSI Semiconductor Material Equipment Theme ETF (562590.SH) slipped 2.76%; the China Merchants CSI Semiconductor Industry ETF (561980.SH) eased 2.53%; and the CPIC China Science And Technology Innovation Board Chip Design Theme ETF (588780.SH) retreated 2.50% after surging 5.93% to lead gains in the prior session. STAR semiconductor, semiconductor equipment and STAR chip products faced concentrated profit-taking on the day, with all top-10 decliners falling more than 2.5%.

Shanghai-Shenzhen Stock Connect ETF Top 10 Losers

No.

Code

Name

Change (%)

Tracking Index

Manager

1

588170.SH

ChinaAMC China Science And Technology Innovation Board Semiconductor Material Equipment Theme ETF

-3.01

SSE STAR Semiconductor Material Equipment Theme Index

China Asset Management

2

588710.SH

Huatai-PB China Science And Technology Innovation Board Semiconductor Material Equipment Theme ETF

-3.00

SSE STAR Semiconductor Material Equipment Theme Index

Huatai-PineBridge Fund Management

3

159516.SZ

Guotai CSI Semiconductor Material Equipment Theme ETF

-2.96

CSI Semiconductor Material Equipment Theme Index

Guotai Asset Management

4

589020.SH

Penghua China Science And Technology Innovation Board Semiconductor Material Equipment Theme ETF

-2.95

SSE STAR Semiconductor Material Equipment Theme Index

Penghua Fund Management

5

159558.SZ

E Fund CSI Semiconductor Material Equipment Theme ETF

-2.92

CSI Semiconductor Material Equipment Theme Index

E Fund Management

6

560780.SH

GF CSI Semiconductor Material Equipment Theme ETF

-2.83

CSI Semiconductor Material Equipment Theme Index

GF Fund Management

7

159327.SZ

Wanjia CSI Semiconductor Material Equipment Theme ETF

-2.77

CSI Semiconductor Material Equipment Theme Index

Wanjia Asset Management

8

562590.SH

ChinaAMC CSI Semiconductor Material Equipment Theme ETF

-2.76

CSI Semiconductor Material Equipment Theme Index

China Asset Management

9

561980.SH

China Merchants CSI Semiconductor Industry ETF

-2.53

CSI Semiconductor Industry Index

China Merchants Fund Management

10

588780.SH

CPIC China Science And Technology Innovation Board Chip Design Theme ETF

-2.50

SSE STAR Chip Design Theme Index

CPIC Fund Management

Source/Compiled by: Wind / NewTimeSpace Research Institute, as of the close onAugust 28, 2026

Data from NewTimeSpace Research showed that on 28 August 2026 the Shanghai-Shenzhen Stock Connect ETF market displayed a rotation featuring stronger chemicals and petrochemicals versus pressured semiconductor and chip names. Chemicals, petrochemicals and grain attracted concentrated buying and led the gains, while the previous session's leaders — STAR semiconductor, semiconductor equipment and STAR chips — retreated sharply across the board. Market leadership rotated swiftly from the prior session's STAR chips and communication to chemicals, petrochemicals and grain, with the semiconductor complex facing pronounced profit-taking after its broad rally the previous day, underscoring a still-fast pace of sector rotation.

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