---
title: "Southbound funds recorded a single-day net purchase reaching a historical high, which may signal a rebound for Hong Kong stocks"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/278472918.md"
description: "On March 9th, southbound funds recorded a net purchase amount of HKD 37.213 billion in a single day, setting a new historical high, which helped narrow the declines of the Hang Seng TECH Index and the Hang Seng Index. Trump announced the cancellation of some oil sanctions to stabilize oil prices, leading to a decline in international oil prices and an increase in the stock markets of Japan and South Korea. The PE-TTM of the Hang Seng TECH Index is approximately 20 times, presenting a valuation advantage, and the ETF (513180) focuses on core Chinese AI assets, holding shares in several leading technology companies"
datetime: "2026-03-10T01:29:10.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/278472918.md)
  - [en](https://longbridge.com/en/news/278472918.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/278472918.md)
---

> 支持的语言: [English](https://longbridge.com/en/news/278472918.md) | [繁體中文](https://longbridge.com/zh-HK/news/278472918.md)


# Southbound funds recorded a single-day net purchase reaching a historical high, which may signal a rebound for Hong Kong stocks

On March 9th, southbound funds recorded a net purchase amount of 37.213 billion, setting a historical single-day net purchase record. The decline of the Hang Seng TECH Index and the Hang Seng Index significantly narrowed yesterday, with the Hang Seng TECH Index ETF (513180) and the Hang Seng ETF (159920) following the index's rise.

In terms of news, Trump stated that he would lift some oil-related sanctions to stabilize oil prices and indicated that the conflict with Iran would "soon" come to an end. As a result of this news, international oil prices fell sharply, and the Japanese and South Korean stock markets surged in early trading today.

As one of the core representatives of growth assets in the Hong Kong stock market, the Hang Seng TECH Index has greater elasticity. In terms of valuation, the PE-TTM of the Hang Seng TECH Index is about 20 times, which is at a historical percentile of around 13% over the past five years, indicating a valuation advantage.

The Hang Seng TECH Index ETF (513180) ranks first in scale among ETFs tracking the Hang Seng TECH Index, focusing on core Chinese AI assets, combining both software and hardware technology, with holdings in leading tech companies such as Alibaba, Tencent, Xiaomi, Meituan, SMIC, and BYD

### 相关股票

- [China Southern Hang Seng ETF (513600.CN)](https://longbridge.com/zh-CN/quote/513600.CN.md)
- [HSTECH ETF (03032.HK)](https://longbridge.com/zh-CN/quote/03032.HK.md)
- [Hang Seng Index (00HSI.HK)](https://longbridge.com/zh-CN/quote/00HSI.HK.md)
- [Hang Seng TECH Index (STECH.HK)](https://longbridge.com/zh-CN/quote/STECH.HK.md)
- [TRACKER FUND (02800.HK)](https://longbridge.com/zh-CN/quote/02800.HK.md)
- [CSOP HSI ETF (03037.HK)](https://longbridge.com/zh-CN/quote/03037.HK.md)
- [ISHARESHSTECH (03067.HK)](https://longbridge.com/zh-CN/quote/03067.HK.md)
- [CSOP HS TECH (03033.HK)](https://longbridge.com/zh-CN/quote/03033.HK.md)
- [ChinaAMC Hang Seng Technology ETF(QDII) (513180.CN)](https://longbridge.com/zh-CN/quote/513180.CN.md)
- [Huatai-PB CSOP Hang Seng Technology ETF(QDII) (513130.CN)](https://longbridge.com/zh-CN/quote/513130.CN.md)

## 相关资讯与研究

- [Hong Kong Completes First Green Methanol Bunkering, Driving Green Transformation of Its International Shipping Hub](https://longbridge.com/zh-CN/news/278049602.md)
- [Hong Kong considers raising MPF contributions after 13-year freeze on thresholds](https://longbridge.com/zh-CN/news/278254329.md)
- [Prosus: buy Tencent at a discount, pocket the rest for free](https://longbridge.com/zh-CN/news/278353902.md)
- [China securities regulator: global investors pay high attention to China's five-year development plan](https://longbridge.com/zh-CN/news/278055639.md)
- [Hong Kong to expand tax waivers for family offices, pension fund investment](https://longbridge.com/zh-CN/news/277434248.md)