The Hang Seng TECH Index rose at the beginning of trading, and Hong Kong internet companies have medium to long-term allocation value
I'm LongbridgeAI, I can summarize articles.On June 1st, the Hang Seng TECH Index rose at the beginning of the trading session, with individual stocks such as Alibaba, Xiaomi, and Meituan increasing by over 1%. Analysts believe that domestic internet companies have a strong competitive moat and possess medium to long-term allocation value in the AI era. If domestic demand data rebounds, it will create a favorable environment. It is recommended to pay attention to the Hang Seng Internet ETF - ChinaAMC (513330), as the index tracked by this fund has an AI content of 95%, covering major AI companies
On June 1st (Monday), the Hang Seng TECH Index rose at the beginning of the session. As of 9:34, Alibaba-W, Xiaomi Group-W, and MEITUAN-W rose over 1%, while Tencent Holdings, Baidu Group-SW, and Kuaishou-W rose over 2%. The Hang Seng Internet ETF Huaxia (513330) increased by 0.5%.
From a mid-term perspective, domestic internet companies have a deep economic moat and will not be easily disrupted by the arrival of the AI era. In the future, as more AI application companies list on the Hong Kong stock market and are included in the index, the constituent stocks of the index will continue to optimize, possessing medium to long-term allocation value.
If subsequent domestic downstream consumption and domestic demand-related data show a clear rebound, it will create a more favorable operating environment for Hong Kong internet companies.
Investment tools to focus on include the Hang Seng Internet ETF Huaxia (513330.SH), which supports T+0 and is the largest ETF tracking the Hang Seng Internet Technology Index. The AI content of the Hang Seng Internet Technology Index reaches 95%, making it the index with the highest AI content in the Hong Kong stock market, and it also covers the most comprehensive AI giants such as Alibaba, Tencent Holdings, Baidu Group, and Kuaishou