机构称核心科技标的值得逢低配置，恒生科技指数ETF（513180）近5日“吸金”近9亿

Core Viewpoint - The Hong Kong stock market experienced a decline, with the Hang Seng Technology Index dropping nearly 2.5%, reflecting a broad sell-off in tech stocks and new consumption concepts, while the Hang Seng Technology Index ETF (513180) saw significant capital inflow despite the downturn [1][2]. Group 1: Market Performance - The Hang Seng Technology Index fell significantly, with major tech stocks and new consumption concepts experiencing declines, including a notable drop in Hai Tian Wei Ye on its listing day [1]. - The Hang Seng Technology Index ETF (513180) recorded a net inflow of 8.92 billion yuan over the past five trading days, indicating strong investor interest despite the overall market decline [1]. Group 2: Valuation Insights - The current valuation of the Hang Seng Technology Index stands at 19.96 times (PETTM), placing it in the historical low valuation range, specifically below 91% of the time since its inception on July 27, 2020 [1]. - The index is expected to benefit from domestic economic recovery, AI performance catalysts, and the listing of more quality companies in Hong Kong, suggesting potential for valuation improvement in the second half of the year [1]. Group 3: ETF Characteristics - The Hang Seng Technology Index ETF (513180) leads in both scale and liquidity among its peers in the A-share market, supporting T+0 trading and providing access to core Chinese tech assets that are relatively scarce in the A-share market [2]. - The ETF's characteristics of high elasticity and growth potential position it for greater upward momentum as it remains in a historically undervalued state [2].