Mei Ri Jing Ji Xin Wen·2025-09-16 02:22Group 1 - The Hong Kong stock market opened higher on September 16, with the Hang Seng Index rising by 0.34% to 26,536.63 points, the Hang Seng Tech Index up by 0.45%, and the National Enterprises Index increasing by 0.25% [1] - Technology stocks showed a mixed performance, while gold stocks experienced a broad increase. Biotechnology stocks opened higher, and automotive and lithium battery stocks continued their upward trend [1] - The Hang Seng Technology Index ETF (513180) rose over 1%, with leading stocks such as NIO, Bilibili, Li Auto, and Trip.com Group driving the gains. The Hong Kong Stock Connect Automotive ETF (159323) also saw a nearly 1% increase, led by stocks like Youjia Innovation, Geely Automobile, Beijing Automotive, Great Wall Motors, and Li Auto [1] Group 2 - On September 15, southbound funds net purchased HK stocks worth 14.473 billion HKD, with Alibaba receiving a net inflow of 5.285 billion HKD. As of September 15, Alibaba has seen net purchases totaling 46.809 billion HKD over 17 consecutive trading days, indicating renewed interest in Hong Kong's AI core assets [2] - The Hang Seng Technology Index has surpassed the 6,000-point mark, with expectations of breaking previous highs. The continuous inflow of southbound funds and the potential initiation of a new interest rate cut cycle in the U.S. may lead to a "catch-up" rally for the Hang Seng Tech Index in September [2] - The ongoing anti-involution policies, combined with Alibaba's better-than-expected earnings report and rapid iterations of AI models, suggest that the Hang Seng Technology Index may shift focus back to AI narratives, with a potential for valuation reconstruction and breaking previous highs being a matter of time [2]