Mei Ri Jing Ji Xin Wen·2025-05-08 02:15Group 1 - The Hong Kong stock market opened lower on May 8, with the Hang Seng Index down 0.45% at 22,589.13 points, while the Hang Seng Tech Index and the National Enterprises Index also declined [1] - Despite the overall market downturn, the biotechnology sector saw collective gains, and new stock "Hushang Ayi" opened nearly 70% higher [1] - The Hang Seng Tech Index turned positive after opening, rising nearly 1%, with leading stocks such as Li Auto, Meituan, Tencent Music, Xiaopeng Motors, and Yuedu Group showing significant gains [1] Group 2 - Oriental Securities is optimistic about the new AI cycle driving the ecosystem of computing power, algorithms, and applications, recommending increased allocation to the Hong Kong internet sector [2] - Key recommendations include Alibaba for its leading position in the industry chain, Kuaishou for its advanced multimodal video generation technology, Tencent for its data and application ecosystem advantages, and Baidu for its AI model and application layout [2] - The Hang Seng Tech Index ETF (513180) is noted for its leading scale and liquidity among A-share listed ETFs, supporting T+0 trading and representing core Chinese AI assets [2]