Multiple oil and gas related ETFs hit their daily limit up.

date
02/03/2026
Today, 40% of the market's ETFs are up, including the S&P Oil & Gas ETF, Oil ETF, Oil & Gas ETF YinHua, Oil & Gas ETF HuaTaiBoRui, Oil & Gas ETF HuiTianFu, Oil ETF FuGuo, and several other oil-related ETFs have hit their daily limit rises. In addition, gold stock ETFs, gold stock ETFs, and gold stock ETFs of ICBC have all risen by over 7%. China Bank Fund stated that, in the medium term, the gold price may maintain a relatively strong fluctuation pattern. Geopolitical factors mainly affect the gold price in the short term, but multiple logics may support the precious metal prices at the moment. Morgan Asset Management mentioned that after digesting short-term disruptions, structural opportunities focusing on "self-sufficient technology" and "domestic demand recovery" are still clear in the market. Investors may consider remaining patient during rotations and position themselves for future trends. Morgan Stanley Fund expressed that, considering the emotional impact of this event being greater than the fundamental impact, it is expected that the market will have difficulty forming a downward trend, and most likely will continue to exhibit characteristics of rotating between cyclicals and technology. In the technology sector, they still see value in configurations of overseas computing power, semiconductors, and domestic computing power.