Xin Lang Ji Jin·2025-05-13 01:53Group 1 - The core viewpoint of the news is that the recent US-China trade talks have exceeded expectations, leading to a significant market rally in Hong Kong and among Chinese concept stocks [1] - The US has reduced tariffs on Chinese imports from 145% to 30%, with an additional 24% tariff being postponed for 90 days, which is seen as a positive signal for the market [1] - The market sentiment has improved significantly, benefiting Chinese equity assets, as US hedge funds are optimistic about the trade negotiations and are increasing their holdings in Chinese stocks [1] Group 2 - Analysts believe that the temporary withdrawal of high tariffs will positively impact Hong Kong's technology sector, which has been affected by US-China geopolitical tensions, leading to potential valuation recovery [2] - The AI sector is highlighted as a key area of focus, with expectations that the combination of US-China easing and concentration of industry leaders will benefit the Hong Kong market [2] - Upcoming earnings reports from major internet companies like Tencent and Alibaba are anticipated to be catalysts for the market, with particular attention on their capital expenditure guidance and AI application developments [2] Group 3 - The Hong Kong internet ETF (513770) is noted for its strong performance, having outperformed the Hang Seng Index and the Hang Seng Tech Index since the start of the recent market rally [3] - The index has shown a cumulative increase of over 28% since the rally began, with a maximum increase of 53.59% during the period [3] - The ETF has a high average daily trading volume of 671 million yuan, indicating good liquidity and support for intraday trading [3]