港股科技分化加大？南向上演“越跌越买”，这个指数比恒科“香”！

Group 1 - The core viewpoint is that despite recent declines in the Hong Kong technology sector, there is significant buying interest from southbound funds, indicating a potential rebound in the market [1][4][9] - The Hong Kong technology index has a low price-to-earnings (PE) ratio of 22.17, which is at a historically low level, suggesting that the sector is undervalued [4][6] - The technology sector shows internal differentiation, with the electric vehicle and semiconductor sub-sectors performing well, while the internet platform segment has been under pressure due to regulatory scrutiny [4][6] Group 2 - The Hong Kong technology index has outperformed the Hang Seng Technology Index, with a year-to-date increase of 29.69% compared to 22.05% for the latter [7] - The index includes a diverse range of companies beyond just internet giants, such as BYD (electric vehicles), Innovent Biologics (innovative drugs), and SMIC (semiconductors), providing a more comprehensive view of the technology landscape [6][9] - Institutional views suggest that the current valuation recovery potential for Hong Kong internet and innovative drug assets is greater than the downside risks, supported by expectations of renminbi appreciation [4][9]