Southbound funds sharply increased purchases of Hong Kong stocks this week, with inflows concentrated in heavyweight technology names, as the Hang Seng Tech Index rebounded after a June pullback, Jiemian News reported. Choice data showed southbound investors recorded net buys of HK$14.2 billion on July 8 and HK$9.83 billion on July 9, for a combined net inflow of nearly HK$25 billion over the two trading days. Separately, Choice estimates that Hong Kong tech-themed ETFs have seen net inflows of RMB 7.494 billion since the start of July.