--- title: "Tencent, Alibaba, Xiaomi, and Meituan surge together! Hong Kong stocks in the internet sector welcome a recovery after two weeks of extreme pessimism" type: "News" locale: "en" url: "https://longbridge.com/en/news/281972804.md" description: "On April 8th, influenced by the positive news of a ceasefire from external factors, the Hong Kong stock market's internet sector rebounded after two weeks of extreme pessimism. Tencent, Alibaba, and Xiaomi all saw their stock prices rise by over 3%, while Meituan increased by over 6%. Huatai Securities pointed out that the sentiment index for Hong Kong stocks remains in the panic zone before the holiday, but there are signs of market sentiment recovery. Investors may pay attention to the Hang Seng Internet ETF from ChinaAMC, which covers several leading internet companies and is suitable for dollar-cost averaging during dips" datetime: "2026-04-08T02:23:16.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/281972804.md) - [en](https://longbridge.com/en/news/281972804.md) - [zh-HK](https://longbridge.com/zh-HK/news/281972804.md) --- # Tencent, Alibaba, Xiaomi, and Meituan surge together! Hong Kong stocks in the internet sector welcome a recovery after two weeks of extreme pessimism On April 8th, under the favorable conditions of a ceasefire in the external environment, emerging market technology assets collectively rebounded, and the Hong Kong internet sector, which had seen significant declines, also experienced a recovery after extreme pessimism. The stock prices of Tencent, Alibaba, and Xiaomi all rose by over 3%, with Meituan increasing by more than 6%. The Hang Seng Internet ETF - ChinaAMC (513330.SH), which covers these weighted stocks, rose by over 3%. The strategy team at Huatai Securities stated: The latest reading of the Hong Kong stock market sentiment index before the holiday is 28.6, which has remained in the panic zone since first hitting it on March 26. This sentiment index has triggered panic seven times so far in 2024, with T+14/T+21 win rates and average price changes of 86%/100% and 4.0%/3.8%, respectively. The strategy team at Industrial Securities pointed out: After a period of continuous adjustment, the Hong Kong internet sector has priced in pessimistic expectations quite sufficiently, and the pressure for further earnings downgrades is easing. As the mid-term negotiations between the U.S. and Iran gradually become clearer, if the geopolitical situation shows marginal easing, it is expected to provide an opportunity for market sentiment to recover. Overall, although short-term volatility is inevitable, the Hong Kong stock market has gradually shown resilience in the bottom region in terms of valuation and earnings. **Individual investors without access to Hong Kong stocks or Hong Kong Stock Connect can pay attention to the Hang Seng Internet ETF - ChinaAMC (513330.SH), which includes a basket of leading internet companies, covering Alibaba, Tencent Holdings, Baidu Group, Xiaomi Group, Meituan, etc., accounting for a total of 70%, with a relatively concentrated leadership.** Compared to the Hong Kong Stock Connect internet ETF, the Hang Seng Internet ETF - ChinaAMC is characterized by: a more comprehensive coverage of Hong Kong internet giants, including Baidu Group, JD Group, NetEase, and GDS Holdings, which have not yet been included in the Hong Kong Stock Connect, and supports T+0 intraday trading. Fund investors can also consider gradually investing in the E Fund Hang Seng Internet ETF Connect C (013172.OF) on dips. 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