China’s A-share market fell sharply on Aug. 19, led by a 6.89% drop in the STAR 50 Index, even as 1,534 stock ETFs recorded combined net inflows of RMB 51.11 billion, or about $7.6 billion, according to Wind data. The Shanghai Composite fell 95.88 points, or 2.4%, to 3,894.42; the Shenzhen Component dropped 732.34 points, or 5.01%, to 13,890.15; the CSI 300 declined 137.12 points, or 2.9%, to 4,588.7; the ChiNext Index fell 232.07 points, or 6.26%, to 3,473.49; and the STAR 50 declined 123.35 points, or 6.89%, to 1,667.52. Turnover in Shanghai and Shenzhen reached 2.51 trillion yuan, up 110.3 billion yuan from the previous session, while more than 5,000 stocks fell and over 100 hit their daily limit down. Broad-based ETFs absorbed RMB 39.5 billion, while semiconductors, communications, robotics and other technology funds also attracted substantial subscriptions. Hong Kong-listed stocks, innovative drugs, securities firms, dividend funds and some cyclical themes recorded outflows. The ETF flows ended an 11-session run of net outflows and suggested that institutions used the correction to add exposure to core indexes and selected growth sectors, although J.P. Morgan Asset Management said the market could become more volatile and advance more slowly.