科网股全线上涨，恒生科技指数高开3.9%，恒生科技指数ETF（513180）强势反弹

Group 1 - The Hong Kong stock market opened strongly on October 20, with the Hang Seng Index rising by 2.52% to 25,884.46 points, the Hang Seng Tech Index up by 3.90%, and the State-Owned Enterprises Index increasing by 2.81% [1] - Technology stocks surged across the board, with notable gains in innovative drug concepts, Apple-related stocks, and a rebound in automotive shares, while gold stocks experienced a general decline [1] - The Hang Seng Technology Index ETF (513180) followed the strong market trend, with major holdings like NetEase, NIO, JD Health, Bilibili, Alibaba, Baidu, and JD Group showing significant increases [1] Group 2 - According to a recent report by Guotai Junan, the bullish trend in the Hong Kong stock market is expected to continue into the fourth quarter, driven by optimism in the AI sector and a recovery in the internet sector [1] - The report noted that the recent market adjustments in October have shown significant declines compared to historical patterns, suggesting that the current downturn may be nearing its limit [1] - Positive signals such as progress in US-China negotiations and domestic policy support could mitigate further short-term declines, with the technology sector poised to benefit from current industry trends [1] Group 3 - As of October 17, the latest valuation of the Hang Seng Technology Index ETF (513180) was 22.13 times P/E, which is approximately 24.11% below its historical average since the index was launched [2] - The outlook for the technology sector in Hong Kong is optimistic, with expectations of benefiting from AI trends and potential foreign capital inflows due to a favorable interest rate environment [2] - Investors without access to the Hong Kong Stock Connect may consider the Hang Seng Technology Index ETF (513180) as a means to invest in core Chinese AI assets [2]