恒生科技的“补涨逻辑”并未结束？

Group 1 - The Hong Kong stock market indices collectively declined on September 19, with mixed performance in tech stocks and active trading in gold and non-ferrous metal sectors [1] - The Hong Kong Stock Connect Auto ETF (159323) rose nearly 1.5%, with leading stocks including Ganfeng Lithium (002460), Tianqi Lithium (002466), Tianneng Power, and Xpeng Motors [1] - The Hang Seng Tech Index ETF (513180) experienced fluctuations and narrowing gains, with stocks like NIO, Hua Hong Semiconductor, JD Group, and Xpeng Motors performing well, while Horizon Robotics, NetEase, and Kuaishou lagged [1] Group 2 - A report from Guotou Securities highlighted a historical alternating relationship between the ChiNext Index and the Hang Seng Tech Index, indicating that when the ChiNext Index outperforms by 20 percentage points, the Hang Seng Tech Index often experiences a relative rebound [1] - As of September 18, the rolling 60-day return difference between the ChiNext Index and the Hang Seng Tech Index was 29.09%, close to historical extremes observed in 2021, suggesting that the rebound logic for the Hang Seng Tech Index may still be in play [1] - With Alibaba and Baidu competing in self-developed chips and AI driving bullish sentiment, the Hang Seng Tech Index is expected to break upward again [2] - Anticipation of a Federal Reserve interest rate cut and continued inflow of southbound funds may lead to a reconstruction of valuations for the Hang Seng Tech Index, supported by both domestic and foreign capital [2] - Investors without a Hong Kong Stock Connect account may consider the Hang Seng Tech Index ETF (513180) for exposure to core Chinese AI assets [2]