Tianhong Hang Seng TECH ETF(QDII)(520920.SH)

The Hang Seng Index main futures closed up 0.43% in the overnight session, at 27,186 points. The Hang Seng Tech Index main futures closed up 0.17% in the overnight session, at 5,748 points

The Hang Seng Index rose 1.07% during the midday break, and the Hang Seng Tech Index increased by 0.2%

36Kr learned that the Hang Seng Index rose 1.07% during the midday break, and the Hang Seng Technology Index increased by 0.2%; the non-ferrous metals, banking, and software services sectors led the gains, with Bilibili rising over 5%, Zijin Mining up over 4%, and Bank of East Asia increasing over 3%; the steel, building materials, and pharmaceutical biotechnology sectors saw the largest declines, with China Rare Earth Holdings dropping over 8%, Junan Holdings falling over 5%, and Hansoh Pharmaceutical decreasing over 3%; southbound funds had a net purchase of HKD 723 million

The Hang Seng Index main futures closed up 0.50% in the overnight session, reporting at 26,883 points. The Hang Seng Tech Index main futures closed up 0.30% in the overnight session, reporting at 5,741 points

The short selling in the Hong Kong stock market for half a day was HKD 20.53 billion, accounting for 17.3% of the total turnover of shortable stocks

The short selling amount in the Hong Kong stock market for half a day was HKD 20.53 billion, accounting for 17.3% of the total turnover of shortable stocks. The main shorted stocks include HSCEI ETF, CSOP HS TECH, TRACKER FUND, POP MART, and Alibaba, with short selling ratios of 40%, 36.5%, 13.4%, 28.6%, and 11.4%, respectively

China tech seen as dollar hedge, with focus on earnings, Fed

UBS fund managers at the World Economic Forum in Davos highlighted a shift towards Chinese technology investments as a hedge against the dollar, driven by lower valuations and government support. Mark Haefele noted that clients are increasingly confident in China's tech sector, which is narrowing the gap with the U.S. Despite the U.S. maintaining an edge in computing, China's innovation is gaining traction. Meanwhile, upcoming U.S. tech earnings and a Federal Reserve meeting may shift investor focus from geopolitics, with expectations of significant growth in tech earnings compared to the S&P 500.