快手涨超3%，港股互联网龙头或为穿越经济周期的优质标的

Group 1 - The Hang Seng Index rose by 0.49% to 24,627.25 points, with the Hang Seng Tech Index increasing by 0.93% and the Hang Seng China Enterprises Index up by 0.51%, indicating a relatively active market with a half-day trading volume of HKD 126.524 billion [1] - The valuation of core internet leading companies in the Hong Kong stock market remains in the upper-middle range of normal valuation, with a systemic improvement in asset quality [1] - The dual logic of "AI technology transformation + undervaluation recovery" positions Hong Kong internet leaders as quality targets that can withstand economic cycles, with expectations for a comprehensive harvest period in the second half of the year [1] Group 2 - The Hang Seng Internet ETF (513330) supports T+0 trading and focuses on the internet platform economy, including major players like Alibaba, JD.com, Tencent, Meituan, Kuaishou, and Baidu, with a DeepSeek content ratio of 86% [2] - The ETF possesses dual attributes of "new consumption + new technology," making it a suitable tool for investors to allocate towards AI application and core assets in the "AI + internet" sector [2]