Xin Lang Cai Jing·2025-09-17 03:13Core Viewpoint - The Hang Seng Tech Index (HSTECH) has shown strong performance, with significant gains in major tech stocks, driven by positive market sentiment and expectations of interest rate cuts by the Federal Reserve [1][3][4]. Group 1: Market Performance - As of September 17, 2025, the HSTECH rose by 1.94%, with Baidu Group-SW up 11.57%, NIO-SW up 7.54%, and JD Group-SW up 4.46% [1]. - The Hang Seng Tech ETF (159741) increased by 1.36%, marking a potential nine-day winning streak [1]. - The average daily trading volume of the Hang Seng Tech ETF over the past year was 1.59 billion yuan, with a turnover rate of 4.79% on September 16 [3]. Group 2: Fund Performance - The Hang Seng Tech ETF has seen a net value increase of 58.91% over the past three years [3]. - The highest monthly return since inception was 33.67%, with the longest consecutive monthly gains being four months and the longest gain percentage being 23.28% [3]. - The average return during up months was 7.30% [3]. Group 3: Market Sentiment and Economic Indicators - Market sentiment has been significantly boosted by expectations of interest rate cuts, particularly benefiting tech growth stocks like Tesla [3]. - The probability of a 25 basis point rate cut by the Federal Reserve this week is 95.9%, with a 4.1% chance of a 50 basis point cut [3]. - For October, the cumulative probability of a 25 basis point cut is 23.1%, while a 50 basis point cut stands at 73.8% [3]. Group 4: Stock Weightings - The top ten weighted stocks in the HSTECH index account for 69.36% of the index, including Alibaba-W, NetEase-S, Tencent Holdings, and Xiaomi Group-W [7]. - Notable stock performances include Alibaba-W up 3.39%, Meituan-W up 3.49%, and JD Group-SW up 4.46% [5][7].