科网股全线爆发，恒生科技指数ETF、恒生科技ETF易方达、恒生科技ETF大涨

Market Performance - The Hang Seng Index increased by 1.78%, while the Hang Seng Tech Index surged by 4.22%, both reaching new highs for the phase [1] - Baidu Group's stock rose over 15%, marking a two-year high, and Alibaba's stock increased by more than 5% [1] ETF Performance - Various Hang Seng Tech ETFs saw significant gains, with the Hang Seng Tech Index ETF rising by 4.33% and achieving a year-to-date increase of 40.29% [2] - Other ETFs, such as the Hang Seng Tech ETF managed by Jiashi and the Hang Seng Tech ETF Index Fund, also reported gains exceeding 4% [2] Company Developments - Alibaba's stock price reached a new high since October 2021, with its market capitalization surpassing HKD 300 billion [4] - Alibaba is reportedly developing a new AI chip to fill the gap left by NVIDIA in the Chinese market, currently in the testing phase [4] - Baidu Group's stock hit a new high since October 2023, with a cumulative increase of over 45% in the month [5] Financial Insights - Arete Research upgraded Baidu's American Depositary Receipts rating from "Sell" to "Buy," setting a target price of USD 143, citing the potential of Baidu's chip business [5] - Baidu's Kunlun division secured a significant AI server order from China Mobile, valued in the billion range, indicating strong competitive positioning [6] Industry Trends - In Q2 2025, the Hang Seng Tech Index showed the highest revenue and net profit growth rates among major Hong Kong indices, with revenue growth at 14.43% [6] - The return on equity (ROE) for the Hang Seng Tech Index increased by 3.04 percentage points to 13.5%, indicating strong performance in the tech sector [6]