“TACO交易”再现，把握恒生科技机遇，恒生科技指数ETF（513180）近5日合计“吸金”超10亿元

Group 1 - The Hong Kong stock market opened higher on October 14, with the Hang Seng Tech Index rising by 0.56%, while the largest ETF tracking this index experienced fluctuations, with leading stocks like Kingsoft, NetEase, and Trip.com declining, while NIO, JD.com, Alibaba, and Xpeng saw gains [1] - Long-term impacts of tariff-related news on Hong Kong stocks are considered limited, with potential for a market pullback providing an opportunity for increased allocation in technology sectors [1] - Despite recent external disturbances, there is active capital inflow into Hong Kong's technology sector, with the largest ETF for the Hang Seng Tech Index seeing a net inflow of approximately 697 million yuan on October 13, and a total net inflow of about 1.008 billion yuan over the past five trading days [1] Group 2 - Current valuations of Hong Kong stocks are at historical medians, with the tech sector showing significant undervaluation compared to A-shares and U.S. stocks; as of October 13, the latest valuation (PETTM) for the Hang Seng Tech Index ETF was 23.36 times, placing it in the lower relative valuation range historically [2] - The technology sector in Hong Kong is expected to benefit from current trends in AI, with potential for foreign capital to return exceeding expectations, alongside continuous increases in southbound capital; a revaluation of the Hang Seng Tech Index is anticipated in the fourth quarter [2] - Investors without access to the Hong Kong Stock Connect may consider the Hang Seng Tech Index ETF for exposure to core Chinese AI assets [2]