南向资金持续“扫货”，美联储9月有望降息，恒生科技或迎内外资共振

Group 1 - The Hong Kong stock market, represented by the Hang Seng Technology Index, is currently experiencing a collective decline, with the index dropping nearly 1% [1] - Southbound capital continues to flow into Hong Kong stocks, with a net inflow of 92.81 billion HKD on September 2, and a cumulative net inflow of 1,000.22 billion HKD this year, marking a record high since the launch of the mutual market access mechanism [1] - The probability of a 25 basis point rate cut by the Federal Reserve in September is as high as 89.6%, indicating a potential new round of interest rate cuts in the U.S., which may benefit emerging markets including Hong Kong stocks [1] Group 2 - The Hong Kong technology sector, represented by the Hang Seng Technology Index, is currently in a historically undervalued range, with expectations of a "catch-up" rally due to continuous inflows from southbound capital and the anticipated new round of interest rate cuts in the U.S. [2] - The Hang Seng Technology Index ETF (513180) includes 30 leading Hong Kong technology companies, focusing on the AI industry chain, with major players like Alibaba, Tencent, Xiaomi, Meituan, and BYD expected to become the "seven giants" of Chinese technology stocks [2] - Investors without a Hong Kong Stock Connect account can access Chinese AI core assets through the Hang Seng Technology Index ETF (513180) [2]