---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/42850828.md"
description: "$VG Info Tech(VGT.US) rose slightly, $Schwab US Div Eq(SCHD.US) basically didn't move, $HSTECH ETF(03032.HK) dropped by two or three points. US tech is going up, US dividends are stagnant, and HK tech is still digesting liquidity. Betting on tech in both markets, is this temperature difference between Hong Kong and the US due to short-term capital flows, or are their valuation systems simply on different wavelengths? It feels more like the latter—the cost of capital and risk appetite for tech in HK and the US have long been priced differently; convergence will only happen when incremental capital truly returns to the HK market 😔"
datetime: "2026-07-22T10:04:49.000Z"
locales:
  - [en](https://longbridge.com/en/topics/42850828.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/42850828.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/42850828.md)
author: "[青山未老](https://longbridge.com/en/profiles/27121765.md)"
---

# $VG Info Tech(VGT.US) rose slightly, $Schwab US Di…


### Related Stocks

- [VGT.US](https://longbridge.com/en/quote/VGT.US.md)
- [SCHD.US](https://longbridge.com/en/quote/SCHD.US.md)
- [03032.HK](https://longbridge.com/en/quote/03032.HK.md)