恒生科技午后跌超3%，恒生科技指数ETF（513180）持续溢价，资金“抄底”特征显著

Core Viewpoint - The Hang Seng Technology Index has experienced a significant decline, with semiconductor stocks facing substantial losses, while the market outlook remains cautiously optimistic due to potential future growth in AI technology and new consumption trends [1][2]. Group 1: Market Performance - As of October 14, the Hang Seng Technology Index fell over 3%, with notable declines in semiconductor stocks such as Hua Hong Semiconductor down over 12% and SMIC down over 8% [1]. - The Hang Seng Technology Index ETF (513180) also saw a decline of over 2.5% in the afternoon session, indicating a strong demand for the ETF despite the market downturn [1]. Group 2: Future Outlook - Long-term prospects for the Hong Kong stock market are supported by three key factors: the potential for AI technology and new consumption to drive market growth, continued inflow of southbound capital, and the impact of monetary policy changes in both China and the US [1]. - The Hang Seng Technology Index ETF (513180) is currently valued at a P/E ratio of 23.36, which is approximately 31.75% below its historical average, suggesting it remains undervalued [2]. - The anticipated benefits from AI trends, coupled with potential foreign capital inflows due to a favorable interest rate environment, could lead to a revaluation of the Hang Seng Technology Index in the fourth quarter [2].