恒生科技指数早盘跌幅扩大，机构称其中期具备较高配置价值

Core Viewpoint - The Hang Seng Technology Index is experiencing a divergence in performance, with a notable decline, while certain stocks like BYD Electronics and Hua Hong Semiconductor are rising, indicating mixed market sentiment [1][2] Group 1: Market Performance - The Hang Seng Technology Index ETF (513180) is following the index's downward trend, with most holdings declining [1] - Notable gainers include BYD Electronics, Hua Hong Semiconductor, and Sunny Optical Technology, while Xiaomi Group, Kingsoft, Kingdee International, and NIO are leading the declines [1] Group 2: Investment Outlook - According to Caitong Securities, the Hang Seng Technology sector is in the early stage of a macro liquidity recovery and an AI technology cycle, suggesting a high mid-term allocation value [1] - The underlying logic of the Hang Seng Technology is benefiting from the explosion of application and content driven by new technological changes, currently at the starting point of the AI technology cycle [1] - The focus is on companies with high earnings certainty and leading AI technology and content ecosystem layouts [2] Group 3: Valuation Metrics - As of October 15, the latest valuation (PETTM) of the Hang Seng Technology Index ETF (513180) is 23.14 times, which is approximately 30.69% below its historical average, indicating it remains in a relatively undervalued range [2] - The characteristics of high elasticity and high growth suggest greater upward momentum for the index [2]