Likes ReceivedHong Kong Stock Market | Hang Seng Tech Index fell 1.98%, technology and healthcare sectors plummeted
Hong Kong stocks experienced volatile corrections, with the Hang Seng Index falling 0.95% and the Hang Seng Tech Index dropping 1.98%. The pharmaceutical and technology sectors generally faced pressure, while the energy sector led the gains strongly. Southbound capital recorded a net inflow of HKD 8.598 billion, maintaining a net buying trend.
On the market, large-cap tech and internet stocks collectively weakened, with Alibaba, Tencent, and Baidu leading the declines. The pharmaceutical sector saw profit-taking, with Kangfang Bio plunging over 10%, followed by declines in Sansheng Pharmaceutical, Zaili Pharmaceutical, Rongchang Bio, and others.
Institutional views point out that the current Hong Kong stock market is in a window of "triple-bottom resonance" involving earnings, valuation, and positioning. The future market focus will be on earnings-driven performance, with key allocations in the AI industry chain, innovative drugs going global, and internet leaders, to seize opportunities for structural recovery.
AI-themed ETFs:
① Core China AI Assets — ChinaAMC Hang Seng Tech ETF (513180)
② High-Beta Tech — ChinaAMC HK Connect Tech ETF (159101)
③ Innovative Pharma Industry Chain — ChinaAMC Hang Seng Healthcare ETF (159892)
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