ETF盘中资讯 新高之后，港股互联网ETF（513770）溢价翻红！提示港股互联网多重补涨逻辑

Core Viewpoint - The Hong Kong internet sector is experiencing volatility after reaching historical highs, with significant trading activity in the Hong Kong internet ETF (513770) and mixed performance among leading internet stocks [1][3][4]. Group 1: Market Performance - The Hong Kong internet ETF (513770) opened lower but rebounded to show a slight increase of 0.16%, with a trading volume of nearly 500 million [1]. - Major internet stocks like Alibaba-W and Meituan-W saw declines of 1% and 0.8% respectively, while others like Kuaishou-W and Tencent Holdings showed positive performance [3]. - The ETF has been trading at a premium, with a real-time premium rate of 0.5%, indicating strong buying interest [4]. Group 2: Earnings Reports and Market Sentiment - Tencent, Xiaomi, Kuaishou, and Bilibili have reported better-than-expected earnings, while Meituan and Alibaba are set to release significant financial reports this week [5]. - CITIC Securities highlighted that the mid-August earnings season is a critical juncture for the Hong Kong market, suggesting a shift from liquidity-driven to earnings-driven market dynamics [5]. Group 3: External Influences - Positive news from overseas, particularly comments from Federal Reserve Chairman Jerome Powell regarding potential interest rate cuts, could benefit the Hong Kong internet sector [6]. - Analysts believe that the anticipated new round of interest rate cuts by the Federal Reserve will enhance the sensitivity of the Hong Kong tech sector to external liquidity [6]. Group 4: Fund Performance and Holdings - The Hong Kong internet ETF (513770) has seen a net inflow of 589 million over the past ten days, with its total fund size exceeding 8.5 billion, marking a historical high [6][8]. - The index that the ETF tracks has outperformed the Hang Seng Tech Index, with a year-to-date increase of over 35% [8][9]. - As of the end of Q2, the top four holdings in the ETF are Xiaomi Group-W, Tencent Holdings, Alibaba-W, and Meituan-W, collectively accounting for 54.74% of the fund [9][10].