Southbound funds recorded a single-day net purchase reaching a historical high, which may signal a rebound for Hong Kong stocks

腾讯新闻 - 财经
2026.03.10 01:29
portai
I'm PortAI, I can summarize articles.

On March 9th, southbound funds recorded a net purchase amount of HKD 37.213 billion in a single day, setting a new historical high, which helped narrow the declines of the Hang Seng TECH Index and the Hang Seng Index. Trump announced the cancellation of some oil sanctions to stabilize oil prices, leading to a decline in international oil prices and an increase in the stock markets of Japan and South Korea. The PE-TTM of the Hang Seng TECH Index is approximately 20 times, presenting a valuation advantage, and the ETF (513180) focuses on core Chinese AI assets, holding shares in several leading technology companies