越跌越买？资金为何抢筹恒生科技指数ETF

Group 1 - The Hong Kong stock market experienced a decline, with the Hang Seng Technology Index dropping over 2% in the afternoon session, particularly affected by significant losses in tech and new energy vehicle stocks, including NIO which fell nearly 13% [1] - Despite recent market volatility, there has been substantial net inflow into ETFs tracking the Hang Seng Technology Index, with approximately 2.007 billion yuan net inflow recorded since October 1, bringing the total size of the largest ETF in this category to 44.447 billion yuan [1] - Analysts from China Merchants Securities predict a rebound in the Hong Kong stock market in the fourth quarter, driven by factors such as advancements in AI technology, resolution of tariff issues, and expectations of improved policies that could enhance risk appetite [1] Group 2 - Changjiang Securities believes that trade frictions will not alter the slow bull market trend in Hong Kong stocks, identifying three potential growth areas: AI technology, new consumption, and continued inflow of southbound funds [2] - The latest valuation of the Hang Seng Technology Index ETF is at 23.14 times P/E, indicating it remains in a historically undervalued range, suggesting potential for upward momentum due to its high elasticity and growth characteristics [2] - The transition from broad monetary policy to broad credit policy in China, coupled with potential interest rate cuts in the U.S., could further support the Hong Kong stock market's upward trajectory [2]