历次降息周期，港股科技股上涨多少？

Group 1 - The Hang Seng Index experienced significant volatility, reaching 27,000 points before a sharp decline, yet the trading volume was robust at 413.3 billion HKD, indicating potential opportunities in quality Hong Kong stocks [1] - The Federal Reserve has completed its first interest rate cut for 2025, with indications of two more cuts by year-end, suggesting a shift towards global liquidity easing [1] - Historical data shows that after the initiation of interest rate cuts, both A-shares and Hong Kong stocks tend to experience upward trends, with a 75% probability of Hong Kong stocks rising within one to two weeks post-cut [4][5] Group 2 - The Hang Seng Technology Index has shown strong performance, benefiting from the Fed's rate cuts, which lead to a weaker dollar and increased capital inflow into emerging markets [5][6] - The AI and technology sectors are at a pivotal growth point, with significant investments from major companies like Baidu, Alibaba, and Tencent, indicating a market shift towards these industries [6] - The market structure is improving, with reduced competition concerns in the food delivery sector, allowing for greater investment confidence in technology stocks [6] Group 3 - The Hong Kong Technology Index has outperformed other indices, with an 81.57% increase over the past year, significantly surpassing the Hang Seng Index's 50.31% rise [8] - The Hong Kong Technology 50 ETF has seen increased investor interest, with a net inflow of 165 million HKD over five days, reaching a new high since its launch [8] - The focus should remain on technology leaders within the ETF, emphasizing real industry changes such as AI implementation and semiconductor independence as key narratives for the current market [10]