Mei Ri Jing Ji Xin Wen·2025-09-12 02:07Group 1 - The Hong Kong stock market opened strongly on September 12, with the Hang Seng Index rising by 1.74% to 26,593.44 points, and the Hang Seng Tech Index increasing by 1.97% [1] - Alibaba's new AI model architecture, Qwen3-Next, was released, showing significant improvements over its predecessor, leading to an 8% surge in Alibaba's US stock price [1] - Southbound funds have shown renewed interest in Hong Kong stocks, with Alibaba receiving a net inflow of HKD 37.143 billion over 15 consecutive trading days [1] Group 2 - The Hang Seng Tech Index ETF (513180) is currently considered undervalued, with expectations of a "catch-up" rally due to continuous inflows from southbound funds and a potential new round of interest rate cuts in the US [2] - The ongoing anti-involution policies and Alibaba's better-than-expected earnings report, along with rapid iterations in AI models, suggest a potential revaluation for the Hang Seng Tech sector [2]