Mei Ri Jing Ji Xin Wen·2025-09-11 02:03Group 1 - The Hong Kong stock market, particularly the Hang Seng Technology Index, is experiencing a decline, with a drop of 0.97% noted on September 11, 2023, amid weak performance in innovative drugs and tech stocks [1] - Southbound capital has shown consistent net buying of Hong Kong stocks for nine consecutive trading days, with over 3.5 billion HKD net bought on the day of reporting, indicating renewed interest in AI core assets [1] - The overall mid-year performance of the internet sector has been stable, with strong revenue and profit releases from AI-focused companies, suggesting a significant impact of AI on advertising, cloud computing, and corporate efficiency [1] Group 2 - The Hang Seng Technology Index ETF is currently in a historically undervalued range, with expectations of a "catch-up" rally due to continuous inflow of southbound capital and the potential start of a new interest rate cut cycle in the US [2] - The ongoing anti-involution policies and Alibaba's better-than-expected earnings report, along with rapid iterations of AI large models, suggest a shift back to AI narratives for the Hang Seng Technology sector, indicating potential for valuation reconstruction [2]