Mei Ri Jing Ji Xin Wen·2025-09-29 01:57Core Viewpoint - The Hong Kong stock market opened positively on September 29, with the Hang Seng Index rising by 0.74% and the Hang Seng Tech Index increasing by 0.67%, driven by significant inflows into key tech stocks like Alibaba and Meituan [1] Group 1: Market Performance - The Hang Seng Tech Index ETF (513180) followed the upward trend of the index, with leading stocks including Tongcheng Travel, Trip.com, Alibaba, Kuaishou, and Meituan [1] - As of September 26, southbound funds recorded a net inflow of HKD 43.96 billion for the week, bringing the total net inflow for the year to HKD 1153.69 billion, significantly surpassing last year's total [1] Group 2: Individual Stock Highlights - On September 26, Alibaba saw a net inflow of HKD 2.41 billion from southbound funds, marking 26 consecutive trading days of net buying [1] - Morgan Stanley's latest report continues to view Alibaba as China's best AI enabler, reflecting strong institutional interest [1] Group 3: Institutional Investments - Morgan Chase increased its stake in Alibaba from 6.81% to 12.29% as of September 22 [1] - Cathie Wood's ARK Invest purchased approximately USD 16.3 million worth of Alibaba ADRs through two ETFs on September 22, marking a significant re-entry into the stock [1] Group 4: Investment Opportunities - Alibaba is the largest weighted stock in the Hang Seng Tech Index, with a weight of 9.14%, providing an opportunity for investors without a Hong Kong stock connect account to access Chinese AI core assets through the Hang Seng Tech Index ETF (513180) [1]