Mei Ri Jing Ji Xin Wen·2025-10-27 02:52Group 1 - The Hong Kong stock market indices collectively rose, with the Hang Seng Tech Index increasing by over 1%, indicating a potential for a "three consecutive rises" [1] - Technology stocks, chip stocks, and Chinese brokerage stocks showed significant upward movement, with major holdings in the Hang Seng Tech Index ETF (513180) including Baidu, ASMPT, Alibaba, Xpeng Motors, Hua Hong Semiconductor, and SMIC experiencing notable gains [1] - Guotai Junan Securities suggests that if the US-China tariff conflict is nearing its end, a stabilization in the political cycle could enhance risk appetite, benefiting the Hang Seng Tech Index and low-priced offshore stocks [1] Group 2 - As of October 24, the latest valuation (PETTM) of the Hang Seng Tech Index ETF (513180) was 23.28 times, which is below the historical average for approximately 70% of the time since the index's inception, indicating a potentially undervalued position [2] - The Hong Kong tech sector is expected to benefit from current trends in AI, with the backdrop of potential Fed rate cuts leading to unexpected foreign capital inflows, alongside continuous increases in southbound capital [2]