港股短期波动不改长期趋势？机构：基本面与资金面共振，港股下半年或更占优

Group 1 - The Hong Kong stock market, particularly the Hang Seng Technology Index, experienced a decline, with the index dropping nearly 2% and the Hang Seng Technology Index ETF (513180) falling over 1.5% [1] - Major companies such as Xiaomi, NIO, Bilibili, SenseTime, and Baidu saw significant declines, while only a few, like Tencent Music, managed to rise [1] - Haitong International's recent strategy report indicates that public funds are continuing to increase their allocation to Hong Kong stocks, with a total inflow of nearly 200 billion yuan through the Hong Kong Stock Connect in the first half of the year [1] Group 2 - As of July 28, the latest valuation (PETTM) of the Hang Seng Technology Index ETF (513180) was 21.58 times, indicating that the current valuation is below 79% of the time since the index was launched [2] - The Hang Seng Technology Index remains in a historically undervalued range, suggesting potential upward momentum due to its high elasticity and growth characteristics [2] - Investors without a Hong Kong Stock Connect account can access core Chinese AI assets through the Hang Seng Technology Index ETF (513180) [2]