Satellite ETF China Merchants 159218 rose 1.66% in morning trading on August 3 and at one point gained more than 2%, with turnover approaching 70 million yuan, as robots, satellites and solar shares continued to rebound from earlier lows, according to Jiemian News. Constituents including Aerospace Hi-Tech, Guoguang Electric, Tianyin Electromechanical, Guobo Electronics, Aerospace Wanshi and Western Superconducting Technologies all rose more than 3%.

Wind data showed China’s satellite industry index fell 26.22% in July, versus a 6.40% decline in the Shanghai Composite, underperforming the benchmark by nearly 20 percentage points. The article said the sector received multiple catalysts last week: on July 29, China successfully launched Tianlian-3-01, which is mainly used to provide data relay and tracking services for crewed spacecraft, space laboratories and space stations, while also covering medium- and low-Earth orbit resource satellites; on July 30, the Communication Technology Experiment Satellite 27 A/B also entered orbit for satellite communications, broadcasting, data transmission and related technical tests.

Fangzheng Securities said non-tech sectors had already corrected from May to June, while technology shares saw a sharp pullback in July, leaving room for a rebound, though it added that the recent rapid decline and lower margin balances could lengthen the base-building process. Zhongtai Securities said its mid-year sector allocation model for August favors industries with both earnings momentum and reasonable valuations, with a focus on metals and AI applications, while robots and satellites may offer near-term event-driven opportunities.