Mei Ri Jing Ji Xin Wen·2025-07-23 05:28Group 1 - The core viewpoint of the article highlights a significant rise in the Hang Seng Technology Index, driven by strong performance in tech stocks, particularly in mobile gaming and Chinese brokerage firms, with Tencent Holdings reaching a four-year high [1] - Huatai Securities indicates that the technology sector may experience a dual boost from improved market conditions and valuation recovery, as negative factors affecting tech companies' profit outlook are easing [1] - Recent regulatory actions against major food delivery platforms are expected to alleviate profit pressures on leading internet companies, while new catalysts in the AI sector, such as NVIDIA's approval to sell H20 to China, may enhance domestic capital expenditure [1] Group 2 - As of July 22, the latest valuation of the Hang Seng Technology Index ETF (513180) stands at 21.14 times P/E, which is below 82% of the time since the index was launched, indicating it is in a historically undervalued range [2] - The index's characteristics of high elasticity and growth potential suggest it has significant upward momentum [2]