Xin Lang Ji Jin·2025-09-15 02:17Group 1 - The Hong Kong stock market opened lower but rebounded, with major tech stocks like Alibaba-W and Bilibili-W seeing significant gains, indicating a positive trend in the tech sector [1] - The Hong Kong Internet ETF (513770) has shown strong performance, rising over 1% and nearing its historical high, with a total of 7 consecutive days of gains [2][4] - The upcoming Federal Reserve interest rate decision is expected to influence global liquidity, potentially benefiting high-growth tech stocks in Hong Kong [4] Group 2 - Alibaba's recent quarterly cloud revenue and capital expenditure exceeded market expectations, suggesting a shift in narrative from food delivery competition to AI, which could aid in valuation recovery for the sector [4] - The Hong Kong Internet ETF has seen significant capital inflow, with a net inflow of 7.9 billion yuan over the last week and a total of 28.26 billion yuan over the past 20 days [4] - The ETF's top holdings include Xiaomi Group-W, Tencent Holdings, Alibaba-W, and Meituan-W, which collectively account for 54.74% of the fund, highlighting the dominance of leading tech firms in the portfolio [6][7] Group 3 - The Hong Kong Internet ETF has surpassed 10 billion yuan in size, achieving a record high, with an average daily trading volume of nearly 600 million yuan [9] - The index that the ETF tracks has outperformed the Hang Seng Tech Index by over 10 percentage points, indicating strong market performance driven by AI [8]