Mei Ri Jing Ji Xin Wen·2025-09-09 02:29Core Viewpoint - The Hong Kong stock market opened positively on September 9, with significant gains in technology stocks, gold stocks, and automotive stocks, indicating a potential upward trend in the market driven by external liquidity and internal policy changes [1] Group 1: Market Performance - The three major indices of the Hong Kong stock market opened higher, with technology stocks showing more gains than losses [1] - The Hang Seng Technology Index saw an increase of over 1.5%, with the Hang Seng Technology Index ETF (513180) following suit [1] - Notable stocks such as Tencent Holdings reached a new high for the year, with a peak increase of over 1% [1] Group 2: Investment Opportunities - The technology sector represented by the Hang Seng Technology Index ETF (513180) is currently considered to be in a historically undervalued range [1] - Continuous inflow of southbound funds and the potential initiation of a new interest rate cut cycle in the U.S. may lead to a resonance of both domestic and foreign capital in the Hong Kong market in September [1] - The ongoing anti-involution policies, combined with Alibaba's better-than-expected earnings report and rapid iterations of AI large models, suggest a possible shift in focus for the Hang Seng Technology Index from "takeout involution" back to AI narratives, indicating a potential for valuation reconstruction [1]