Mei Ri Jing Ji Xin Wen·2025-10-20 06:24Group 1 - The Hong Kong stock market experienced a strong rebound on October 20, with the Hang Seng Tech Index rising over 2.5%, driven by major tech stocks like NetEase, Alibaba, and Tencent [1] - Positive signals contributing to the market's recovery include new developments in US-China economic communication, with a video call held on October 18 between Chinese and US officials agreeing to expedite new trade consultations [1] - Southbound capital showed strong buying interest during the recent market pullback, with a net inflow of 450.89 billion HKD from October 13 to October 17, marking the highest inflow in five weeks and maintaining a streak of 22 consecutive weeks of net inflow [1] Group 2 - UBS Global Wealth Management upgraded its rating on global equities to "attractive," citing expected productivity gains from AI spending and a favorable policy environment, while also raising the rating on Chinese tech stocks to the most attractive due to confidence in their ability to monetize AI [1] - The Hang Seng Tech Index ETF (513180) is currently valued at a price-to-earnings ratio of 22.13, which is below 75% of its historical valuation since inception, indicating potential for future growth [2] - The domestic AI industry made significant progress with Alibaba Cloud's "Aegaeon" solution addressing GPU resource waste in AI model services, highlighting advancements in the sector [2]