Mei Ri Jing Ji Xin Wen·2025-09-17 02:24Core Viewpoint - The Hong Kong tech stocks are experiencing a strong rally, particularly Alibaba, which has reached a nearly four-year high, with a market capitalization exceeding HKD 3 trillion [1] Group 1: Market Performance - Alibaba-W opened up 2.74% and at one point rose over 3.5% during trading [1] - The Hong Kong Technology 30 ETF (513160) saw a 2.03% increase, reaching a new high for the year [1] - Other leading stocks included Kingsoft Cloud, SMIC, Meituan-W, and UBTECH, while a few stocks like China Communication Services and Oriental Selection saw declines [1] Group 2: Company Developments - Alibaba is reportedly developing a new AI chip aimed at filling the gap left by Nvidia in the Chinese market, currently in the testing phase and compatible with Nvidia's architecture [1] Group 3: Investment Outlook - Institutions are optimistic about the short-term and long-term performance of the Hong Kong stock market, anticipating a potential rally in the Hang Seng Tech Index due to continuous inflow of southbound funds and the possibility of a new interest rate cut cycle in the U.S. [1] - For retail investors, investing in multiple Hong Kong tech stocks can be complex, but the Hong Kong Technology 30 ETF (513160) offers a simplified way to invest in a basket of quality tech companies [1]