Mei Ri Jing Ji Xin Wen·2025-09-09 02:29Group 1 - The Hong Kong stock market opened positively on September 9, with the Hang Seng Index rising by 0.30% to 25,711.07 points, and the Hang Seng Tech Index increasing by 0.57% [1] - The technology sector showed strong performance, with notable gains in stocks such as Alibaba, which rose over 2.5%, and a significant opening for the large-scale technology company on its listing day, up more than 36% [1] - Southbound capital inflow reached HKD 16.705 billion on September 8, with a cumulative net inflow of HKD 10,287.63 billion for the year, significantly surpassing last year's total [1] Group 2 - The Hang Seng Tech Index ETF (513180) is currently considered undervalued, and with continuous inflow of southbound capital and the potential for a new round of interest rate cuts in the US, September may see a resonance of both domestic and foreign capital in the Hong Kong market [2] - The ongoing anti-involution policies, combined with Alibaba's better-than-expected earnings report and rapid iterations in AI large models, suggest that the Hang Seng Tech sector may shift from "delivery internal competition" back to an AI narrative, indicating potential for valuation reconstruction [2]