人民币近期加速升值，机构称升值区间恒生科技更为占优

Group 1 - The core viewpoint of the articles highlights the recent performance of the Hong Kong stock market, particularly the significant rise of the Hang Seng Technology Index, driven by Alibaba's strong earnings report [1][2] - The Hang Seng Technology Index ETF (513180) has seen a notable increase, with major holdings like Alibaba, Alibaba Health, BYD Electronics, SMIC, Baidu, and JD Group leading the gains [1] - The recent appreciation of the Renminbi against the US dollar and a basket of currencies is noted, with a 0.4% increase in the offshore Renminbi against the dollar over two trading days [1] Group 2 - Historical data suggests that during periods of Renminbi appreciation, markets generally rise, with Hong Kong stocks showing greater elasticity [2] - The Hang Seng Technology Index ETF (513180) is currently valued at a Price-to-Earnings ratio (PETTM) of 21.23, indicating it is in a historically low valuation range [2] - The combination of expectations for a Federal Reserve rate cut and Alibaba's strong earnings could provide upward momentum for the Hang Seng Technology Index, making it an attractive option for investors looking to access core Chinese AI assets [2]