特朗普“改口”，中国资产反攻！港股互联网ETF（513770）掉头涨逾1%，机构：调整是布局机会

Core Viewpoint - The recent easing of overseas disturbances has led to a strong rebound in Chinese concept stocks, with the Nasdaq Golden Dragon China Index rising over 3% [1]. Market Performance - Hong Kong stocks opened collectively higher, with major tech companies like Alibaba, Xiaomi, Tencent, Meituan, and Kuaishou seeing significant gains [1]. - The Hong Kong Internet ETF (513770) opened strong, increasing by 1.32% [1][2]. Investment Sentiment - International investment banks have a positive outlook on leading internet companies like Alibaba and Tencent. Goldman Sachs has raised its target prices for both companies, citing Tencent's AI capabilities and Alibaba's potential in international cloud growth [3]. - Market analysts suggest that despite potential volatility, the long-term upward trend remains intact, with AI being a key driver for the Hong Kong market [3]. Fund Flows - The Hong Kong Internet ETF (513770) has seen a net inflow of 47.38 million yuan in a single day, with a cumulative net inflow of 137 million yuan over the past five days, indicating strong investor interest [3]. ETF Composition - The Hong Kong Internet ETF tracks the CSI Hong Kong Internet Index, with Alibaba, Tencent, and Xiaomi being the top three holdings, accounting for 18.92%, 15.60%, and 11.54% of the fund, respectively [5][6]. Market Valuation - The CSI Hong Kong Internet Index has shown higher elasticity this year, outperforming the Hang Seng Tech Index, with a current P/E ratio of 26.69, which is lower than both US and A-share tech valuations [7]. Historical Performance - The Hong Kong Internet ETF has surpassed 11 billion yuan in size, achieving a record high, with an average daily trading volume exceeding 600 million yuan this year [9].