Mei Ri Jing Ji Xin Wen·2025-10-17 02:30Core Viewpoint - The Hong Kong stock market opened lower on October 17, with the technology sector leading the decline, particularly the Hong Kong Technology 30 ETF (513160) which fell approximately 2.4% as of 10:12 AM, nearing its 60-day moving average support level [1] Group 1: Market Performance - The Hong Kong Technology 30 ETF (513160) recorded a trading volume exceeding 270 million yuan, with all constituent stocks showing negative performance, including notable declines in ZTE Corporation, InnoCare Pharma, and Horizon Robotics [1] - Since July, the ETF has seen a continuous net inflow of funds for four months, approaching a historical high in product shares [1] Group 2: Institutional Insights - Multiple institutions indicate that the sustained inflow of southbound funds is expected to support the upward movement of the Hong Kong stock market [1] - Guotai Junan believes that with institutional forces driving the market, there is still potential for incremental southbound funds in the fourth quarter, which may continue to boost the Hong Kong market [1] - China Merchants Securities also notes that the inflow of southbound funds is ongoing and is likely to provide continued support [1] Group 3: ETF Characteristics - The Hong Kong Technology 30 ETF (513160) closely tracks the Hang Seng Hong Kong Stock Connect China Technology Index, which includes mainland companies engaged in technology business and listed in Hong Kong [1] - The top ten holdings of the ETF include major technology companies such as SMIC, Kuaishou-W, Tencent Holdings, Alibaba-W, and Xiaomi Group-W [1] - For ordinary investors, direct investment in multiple Hong Kong technology stocks can be complex and have high entry barriers; the ETF allows for a simplified investment in a basket of quality Hong Kong technology companies [1]