港股半导体早盘持续拉升，机构称长期看半导体设备国产化方向明确

Group 1 - The Hang Seng Technology Index opened lower but rose over 1% during the trading session, with semiconductor stocks showing strong performance, including a more than 4% increase in SMIC and over 2% in Hua Hong Semiconductor and Shanghai Fudan [1] - The largest ETF tracking the Hang Seng Technology Index (513180) followed the index's upward trend, with top holdings like ASMPT, Alibaba, SMIC, Kingdee International, NIO, Kuaishou, and Hua Hong Semiconductor seeing significant gains [1] - CITIC Securities believes that the long-term direction for semiconductor equipment is clear, with domestic wafer fabs potentially increasing their global market share from about 10% to 30%, indicating a threefold expansion opportunity [1] Group 2 - Alibaba and Baidu are competing to develop their own chips, fueled by a bullish sentiment around AI, which may lead to another upward breakthrough for the Hang Seng Technology Index [2] - With the potential for the Federal Reserve to lower interest rates, southbound capital is expected to continue flowing in, suggesting a reconstruction of valuations for the Hang Seng Technology Index due to the combined effects of domestic and foreign capital [2] - Alibaba currently holds the position of the largest weighted stock in the Hang Seng Technology Index, with a weight of 8.79%, providing an opportunity for investors without a Hong Kong Stock Connect account to access core Chinese AI assets through the Hang Seng Technology Index ETF (513180) [2]