Mei Ri Jing Ji Xin Wen·2025-09-25 02:07Group 1 - The Hong Kong stock market showed mixed performance on September 25, with the Hang Seng Tech Index experiencing fluctuations, while the semiconductor sector continued its upward trend [1] - Southbound funds net bought HK stocks worth 137.05 billion HKD on September 24, with over 40 billion HKD net bought during the day of the report [1] - Alibaba received a net purchase of 53.39 billion HKD on September 24, marking 24 consecutive trading days of net buying by southbound funds [1] Group 2 - Alibaba launched seven new AI models at the Cloud Summit, achieving breakthroughs in various areas such as model intelligence and multi-modal capabilities [1] - Alibaba's collaboration with Nvidia in the Physical AI field aims to create a comprehensive platform supporting data processing, simulation, model training, and reinforcement learning [1] - The company has shown a strong commitment to strategic investment in AI technology, which may enhance its infrastructure scale and technological leadership [1] Group 3 - The outlook for the Hang Seng Tech Index is optimistic, with expectations of a valuation reconstruction driven by the Federal Reserve's potential interest rate cuts and continuous inflow of southbound funds [2] - Alibaba's stock price has doubled this year, making it the largest weighted stock in the Hang Seng Tech Index with a weight of 9.36% [2] - Investors without a Hong Kong Stock Connect account may consider the Hang Seng Tech Index ETF (513180) to gain exposure to core Chinese AI assets [2]