美联储降息预期升温，港股科技ETF（513020）盘中大涨2.7%

Group 1 - The core viewpoint of the articles highlights the positive impact of rising expectations for interest rate cuts by the Federal Reserve on the Hong Kong stock market, particularly the technology sector, which has seen significant gains year-to-date [1][3] - The Hong Kong Technology ETF (513020) has experienced a cumulative increase of over 40% since the beginning of the year, driven by strong market sentiment and inflows from southbound capital [1][3] - Recent data from the U.S. Labor Department indicated a lower-than-expected CPI increase, which has further fueled market expectations for a rate cut in September, with a 94.9% probability of a 25 basis point cut [1][2] Group 2 - The current valuation of the Hong Kong internet and social services sector is at a low level, suggesting potential for upward movement, especially with rising AI capital expenditures and supportive technology innovation policies [2] - Internet platform companies are seeing a recovery in advertising revenue, increased e-commerce penetration, and a rebound in user activity, which are contributing to revenue and profit recovery [2] - Hardware manufacturing, optical, and AI computing-related companies are benefiting from a new cycle of AI infrastructure development, with a noticeable improvement in overseas orders [2] Group 3 - The Hong Kong Technology ETF (513020) is significantly driven by inflows from southbound capital, leading to increased trading activity and price volatility [3] - The ETF tracks the Hong Kong Stock Connect Technology Index, which includes technology securities across various sectors such as internet, biomedicine, and new energy vehicles, reflecting the overall performance of core technology companies in the Hong Kong market [3] - The favorable policy environment for technology innovation and the digital economy, along with the attractiveness of Hong Kong's market liquidity and valuation flexibility, are expected to support the rebound of the technology sector as the Federal Reserve begins to cut rates [3]