2 1 Shi Ji Jing Ji Bao Dao·2025-05-12 01:47Group 1 - The Hong Kong stock market opened strongly on May 12, with the Hang Seng Index and the Hang Seng China Enterprises Index rising over 1%, and the Hang Seng Tech Index increasing by 2.15% [1] - The Hang Seng Stock Connect China Technology Index opened nearly 2% higher, with notable gains in stocks such as Highway Electronics rising over 6%, and AAC Technologies, BYD Electronics, and Sunny Optical Technology rising over 4% [1] - The Hong Kong Tech 30 ETF (513160) closely tracks the Hang Seng Stock Connect China Technology Index and opened with a gap up, currently up over 2% [1] Group 2 - Huatai Securities noted that the Hong Kong stock market shows strong relative return resilience, benefiting from a marginal easing of trade conflicts and mid-term market structural advantages, indicating further upward potential [2] - The April manufacturing PMI was below expectations, but the impact on Hong Kong stocks is limited due to low dependence on the export chain and midstream manufacturing [2] - Recent signals from the US regarding tariff negotiations and a stronger offshore RMB are expected to boost short-term market risk appetite [2] - Global funds seeking alternatives to US stocks may lead to a reallocation of capital towards Hong Kong stocks [2] - Dongwu Securities is optimistic about AI technology in Hong Kong stocks, citing strong performance in US tech earnings and favorable conditions for thematic trends [2]