BABA(US:BABA) Zhi Tong Cai Jing·2025-10-15 01:58Group 1 - The Hang Seng Index opened up by 1.08%, with the Hang Seng Tech Index rising by 1.31%. Notable stock movements include Midea Group increasing by nearly 3%, JD Health and JD Group rising over 2%, and Alibaba and Xiaomi Group gaining nearly 2% [1] - Dongwu Securities suggests that the re-emergence of tariffs has increased short-term volatility risks for Hong Kong stocks. However, the medium to long-term upward trend remains intact, supported by global monetary easing and the unstoppable trend of the AI industry in China [1] - China Galaxy Securities indicates that the escalation of Sino-U.S. trade tensions has led to a decline in investor risk appetite, resulting in a valuation correction for Hong Kong stocks. However, domestic growth stabilization policies and medium to long-term measures to support the stock market are expected to stabilize investor sentiment [2] Group 2 - The valuation of the Hong Kong internet sector is now highly attractive after a prolonged adjustment, with the latest PE ratio of the CSI Hong Kong Internet Index at 26.69, which is at a low percentile compared to the past decade [2] - The narrative surrounding Hong Kong internet stocks is undergoing a fundamental shift from user growth and business models to new growth curves driven by AI empowerment, as evidenced by recent developments from Alibaba and Tencent [2] - The upcoming "14th Five-Year Plan" is anticipated to provide further insights into key sectors, which could influence market recovery if policies exceed expectations [1][2]