--- title: "The Hang Seng Technology and Hang Seng Internet indices opened high and rose further, and the divergence between the Hong Kong stock internet sector and the Hang Seng Index is expected to converge" type: "News" locale: "en" url: "https://longbridge.com/en/news/282771811.md" description: "On April 15th, the Hong Kong stock market's technology sector rebounded, with the Hang Seng TECH Index rising by 1.95% and the Hang Seng Internet ETF ChinaAMC (513330) increasing by over 2.77%. Individual stocks such as JD.com, Baidu, and Alibaba performed strongly. Since the beginning of the year, the Hang Seng TECH Index has diverged from the Hang Seng Index, with a maximum drawdown of 15%. As market sentiment improves, it is expected that the divergence between the two will converge. ChinaAMC believes that early April may mark the moment when the negative factors for Hong Kong's technology stocks have been fully priced in, and there is room for index valuation recovery" datetime: "2026-04-15T02:03:16.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/282771811.md) - [en](https://longbridge.com/en/news/282771811.md) - [zh-HK](https://longbridge.com/zh-HK/news/282771811.md) --- # The Hang Seng Technology and Hang Seng Internet indices opened high and rose further, and the divergence between the Hong Kong stock internet sector and the Hang Seng Index is expected to converge On April 15th, international crude oil prices plummeted, risk assets collectively rebounded, and the Hong Kong stock market's technology sector welcomed a long-awaited rebound. In terms of individual stocks, JD Group-SW rose over 6%, Baidu Group-SW, Alibaba-W, and Kuaishou-W rose over 3%, while Tencent Holdings rose over 2%. In terms of indices, the Hang Seng Technology Index opened high and rose 1.95% during the session, with the Hang Seng Internet Technology Industry Index, which focuses on the internet sector, leading with a greater increase. The related ETF—Hang Seng Internet ETF Huaxia (513330) rose over 2.77% during the session. **Since the beginning of the year, the Hang Seng Technology Index and the Hang Seng Index have diverged, with the Hang Seng Technology Index experiencing a maximum drawdown of 15% and 17% this year, while the Hang Seng Index has only fallen 3%, supported at the bottom by cyclical sectors such as real estate, industry, and materials. As the panic selling sentiment in the internet software sector dissipates, the divergence between the Hang Seng Technology Index, Hang Seng Internet, and the Hang Seng Index is expected to converge.** Huaxia Fund's Quantitative Investment Department stated: From the perspectives of financial reports, liquidity, and risk appetite, early April is expected to be the moment when the negative factors for Hong Kong's technology stocks are fully priced in. Previous pessimistic expectations regarding AI investments eroding profits and reduced buyback expectations have already been largely factored into the continuously declining asset prices, and there is room for the suppressed index valuations to recover. **The Hang Seng Internet ETF Huaxia (513330.SH) is the largest ETF tracking the Hang Seng Internet Technology Industry Index, listed on the Shanghai Stock Exchange, supporting T+0 intraday trading. The Hang Seng Internet Technology Industry Index holds a basket of internet giants including Tencent Holdings, Alibaba, Meituan, NetEase, JD, and Baidu, which together account for 70% of the index, while also covering leading software service companies such as Kingdee International, Kingsoft Cloud, and Kingsoft, as well as gaming leaders like Xindong Company, with a minimum investment of only a few dozen yuan.** Daily Economic News ### Related Stocks - [0HSCI.HK](https://longbridge.com/en/quote/0HSCI.HK.md) - [STECH.HK](https://longbridge.com/en/quote/STECH.HK.md) - [00HSI.HK](https://longbridge.com/en/quote/00HSI.HK.md) - [159740.CN](https://longbridge.com/en/quote/159740.CN.md) - [513130.CN](https://longbridge.com/en/quote/513130.CN.md) - [03032.HK](https://longbridge.com/en/quote/03032.HK.md) - [02837.HK](https://longbridge.com/en/quote/02837.HK.md) - [513180.CN](https://longbridge.com/en/quote/513180.CN.md) - [03067.HK](https://longbridge.com/en/quote/03067.HK.md) - [03033.HK](https://longbridge.com/en/quote/03033.HK.md) - [03088.HK](https://longbridge.com/en/quote/03088.HK.md) - [520920.CN](https://longbridge.com/en/quote/520920.CN.md) - [513330.CN](https://longbridge.com/en/quote/513330.CN.md) - [09618.HK](https://longbridge.com/en/quote/09618.HK.md) - [JD.US](https://longbridge.com/en/quote/JD.US.md) - [09888.HK](https://longbridge.com/en/quote/09888.HK.md) - [09988.HK](https://longbridge.com/en/quote/09988.HK.md) - [BIDU.US](https://longbridge.com/en/quote/BIDU.US.md) - [BABA.US](https://longbridge.com/en/quote/BABA.US.md) ## Related News & Research - [Morgan Stanley lifts China equity targets on earnings, yuan strength](https://longbridge.com/en/news/286363342.md) - [IMF lauds resilient Hong Kong economy, but warns of risks linked to Mideast war](https://longbridge.com/en/news/286586563.md) - [China, HK stocks track Asia lower on Mideast, inflation concerns](https://longbridge.com/en/news/287005592.md) - [BUZZ-Kuaishou Technology hits nearly one-year low as Citi and Jefferies cut target prices](https://longbridge.com/en/news/280552666.md) - [China's Tencent sees boost from gaming, AI demand even as revenue comes in weaker than expected](https://longbridge.com/en/news/286229703.md)