百度、阿里齐齐引爆！香港科技ETF (159747)涨2%，费率最低的港股通科技ETF南方(159269)份额大增超50%

Core Insights - Hong Kong stocks reached a new high, with the Hang Seng Index rising by 1.63% and the Hang Seng Tech Index increasing by 2.48%, driven by significant gains in Baidu and Alibaba [1] Group 1: Market Performance - The Hang Seng Index rose by 1.63%, while the Hang Seng Tech Index increased by 2.48% [1] - Baidu surged over 12%, reaching its highest level since January 2024, and Alibaba rose by 6.5% [1] - Hong Kong Tech ETF (159747) saw a 2% increase, and the Southbound Tech ETF (159269) rose by 1.49% [1] Group 2: Company Developments - Alibaba and Baidu have begun using self-designed chips to train their AI models, partially replacing chips produced by Nvidia [1] - Alibaba launched a more efficient AI model, Qwen3-Next, which features 80 billion total parameters but activates only 30 billion [1] - Alibaba issued zero-interest convertible preferred bonds valued at approximately $3.2 billion, with about 80% allocated to enhance cloud infrastructure [1] Group 3: Investment Trends - Southbound funds net bought HK stocks worth 18.9 billion HKD yesterday, marking 15 consecutive days of net purchases in Alibaba, totaling 37.1 billion HKD [1] - The Southbound Tech ETF (159269) has seen a net inflow of 950 million HKD since July 25, with a 56% increase in shares over two months [2] Group 4: Economic Indicators - The U.S. August CPI was in line with expectations, indicating no worsening inflation, which supports market expectations for a potential Fed rate cut in September [1]