港股科技板块上攻，半导体板块飙升6.13%

Core Viewpoint - The Hong Kong stock market, particularly the technology sector, is experiencing a strong rebound driven by the AI wave and supportive monetary policies, positioning it as a key area for investment opportunities in the context of China's economic transformation [1]. Market Performance - The Hang Seng Index rose by 0.59%, the Hang Seng Tech Index increased by 1.22%, and the Hang Seng China Enterprises Index climbed by 0.46% during the midday session, with a total market turnover of HKD 122.93 billion [1]. - Notable stock performances included Hua Hong Semiconductor up by 11.59%, ASMPT up by 7.87%, and SMIC up by 5.54% [1]. Industry Trends - The global technology cycle is currently led by AI, which is rapidly penetrating various economic and social sectors [1]. - China is in a transitional phase of economic development, focusing on technological innovation to drive new productivity and upgrade industrial structures, with the technology sector being a key area of policy support [1]. Investment Opportunities - The Hong Kong technology sector encompasses core domestic AI assets across the entire industry chain, including computing power, models, software applications, and hardware terminals, making it a pioneer in the revaluation of Chinese assets [1]. - The easing of interest rates is expected to enhance market liquidity, potentially directing international capital towards higher-risk assets, with Hong Kong stocks likely to benefit from this influx [1]. - Foreign investment is increasingly favoring the technology and internet sectors, which represent China's new economic drivers, as well as the large financial sector supported by the national credit system [1]. - The current valuation of the Hong Kong technology sector is relatively low historically, which may enhance its attractiveness to foreign investors, especially given its inclusion of core AI assets [1]. Related ETFs - The Hong Kong Stock Connect Technology ETF (159101) covers the entire technology industry chain [2]. - The Hang Seng Internet ETF (513330) focuses on leading internet companies [2].