降息交易下高弹性品种叠加“补涨”逻辑，恒生科技指数ETF（513180）近20日“吸金”近55亿元

Group 1 - The Hong Kong stock market, particularly the Hang Seng Technology Index, is experiencing a significant upward trend, with the index rising nearly 3.5% on August 25, and the largest ETF tracking this index seeing a gain of over 4% [1] - Major stocks within the Hang Seng Technology Index, such as NIO, ASMPT, Alibaba, Baidu, NetEase, Horizon Robotics, and Lenovo, have shown substantial increases, with NIO surging over 13% [1] - Recent institutional analysis suggests that the Hang Seng Technology Index may have a chance for a rebound, especially as the Shanghai Composite Index reaches a ten-year high and the ChiNext Index breaks recent highs [1] Group 2 - The inflow of funds into the Hang Seng Technology Index ETF (513180) has been notable, with approximately 5.498 billion yuan net inflow over the past 20 trading days, bringing the total size to a record high of 37 billion yuan [1] - Cross-border ETFs have seen over 80 billion yuan in net inflows in the past month, with the technology, financial, and innovative pharmaceutical sectors in Hong Kong being the main beneficiaries [1] - The recent dovish signals from Federal Reserve Chairman Jerome Powell have raised expectations for a rate cut in September, which is likely to enhance liquidity and bullish sentiment in the Hong Kong market [1][2] Group 3 - The Hang Seng Technology Index is currently viewed as being relatively undervalued, making it more sensitive to changes in the US-China interest rate differential, thus benefiting from a more accommodative overseas liquidity environment [2] - The index is characterized by high elasticity and growth potential, suggesting that improvements in market conditions could lead to stronger upward momentum [2] - Investors without access to the Hong Kong Stock Connect can consider the Hang Seng Technology Index ETF (513180) as a means to invest in core Chinese AI assets [2]