港股三大指数低开低走，科网股普跌，恒生科技指数ETF（513180）大幅调整

Group 1 - The Hong Kong stock market experienced a decline on June 19, with the Hang Seng Technology Index dropping nearly 2.5%, reflecting a broad sell-off in tech stocks, Chinese brokerage shares, innovative drug concepts, and new consumption stocks [1] - The Hang Seng Technology Index ETF (513180) followed the index's downward trend, with major holdings like Tongcheng Travel, Alibaba Health, JD Group, Sunny Optical Technology, and Trip.com seeing significant declines, while only a few companies like Huahong remained in the green [1] - Despite the current downturn in new consumption stocks, industry analysts from Industrial Securities believe that the long-term growth potential and structural investment opportunities in the sector remain strong, supported by industry dynamics, policies, and technological innovations [1] Group 2 - The valuation of the Hong Kong technology sector is currently at a historically low level, with the latest valuation (PETTM) of the Hang Seng Technology Index ETF (513180) at 19.96 times, which is below 91% of the time since the index was launched on July 27, 2020 [1] - The recovery of the domestic economy, expectations for AI performance catalysts, and the influx of quality companies listing in Hong Kong are anticipated to lead to an increase in valuations in the second half of the year [1] Group 3 - The Hong Kong consumption ETF (513230) encompasses e-commerce and new consumption sectors, which are relatively scarce compared to A-shares [4] - The Hang Seng Technology Index ETF (513180) includes core AI assets and features technology leaders that are also relatively rare in A-shares [4]