Penghua SSE Star ETF Rises as Grid, Robotics, Optical Sectors Lead

The benchmark index of Penghua SSE Star Composite ETF (589680) gained more than 1.3% during the session, with grid equipment, robotics, and optical communications stocks leading the advance. The three sectors were among the most active areas in the market. The ETF tracks the SSE Star Composite Index, a broad gauge of Shanghai's STAR Market.

Investors focused on three developments. In mid-October, State Grid received approvals for three ultra-high-voltage projects, including one AC and two DC lines, with total investment of about 59.1 billion yuan. The approvals are seen as a sign that China's 15th Five-Year Plan UHV construction could accelerate.

Separately, Tesla has started early production of Optimus at its Fremont factory and expects to begin deliveries to external customers around the end of 2027. Overnight, the optical communications sector also surged, adding to the market's risk appetite. The moves highlight how policy and corporate production milestones are shaping short-term sentiment in China's technology-focused equities.