Shang Hai Zheng Quan Bao·2025-10-20 05:22Core Viewpoint - The Hang Seng Technology Index experienced a strong rebound, with a peak increase of 3.90%, closing at 5945.11 points, reflecting a 3.21% rise, indicating positive market sentiment towards technology stocks [1]. Group 1: Market Performance - The Hang Seng Technology Index reached a maximum of 5984.80 points during the trading session [1]. - Notable gainers among constituent stocks included NetEase-S, which rose by 5.45%, Alibaba-W by 4.99%, and Hua Hong Semiconductor by 4.62% [1][2]. Group 2: Analyst Insights - According to the latest report from Guotai Junan, short-term fluctuations do not alter the bullish outlook for Hong Kong stocks in the fourth quarter, with the Hang Seng Technology Index having the most significant upside potential [2]. - The report highlights that internet giants are benefiting from the AI narrative, which is expected to enhance their asset structure advantages [2]. - The potential for foreign capital to flow back into Hong Kong stocks is anticipated to exceed expectations, especially with the Federal Reserve potentially resuming interest rate cuts [2]. - Continued inflow of southbound funds is expected to further drive the upward trend in Hong Kong stocks, with technology stocks remaining the main focus of the market driven by AI [2].