Huaxia STAR 50 ETF (588000) recorded daily turnover above CNY10bn for the fifth consecutive session and is trading down 5.21% intraday. The ETF has fallen over 30% in July. Top three holdings are Cambricon, Lanqi Technology and Advanced Micro‑Fabrication Equipment (AMEC).

【期货热点追踪】受产业链负反馈，以及港口高库存的双重压力下，铁矿石主力合约跌破700元大关创阶段新低，当价格迫近部分非主流矿山成本线，“成本支撑”的逻辑能否在负反馈洪流中力挽狂澜？

CITIC Securities research says advanced packaging will remain a primary path for sustaining steep performance upgrades in high-end chips. Glass substrates could relieve current advanced-packaging bottlenecks—larger panel sizes, higher-density/high-speed upgrades and output efficiency—and may be entering an accelerated maturity and volume ramp. The report notes clear penetration trends and high growth elasticity for glass carrier boards and flags industry-chain investment opportunities; glass interposers, glass carriers and glass bridges are also seen as significant growth areas.