Group 1 - The Hong Kong stock market opened positively on November 3, with the Hang Seng Index rising by 0.36% to 25,999.17 points, the Hang Seng Tech Index increasing by 0.48%, and the National Enterprises Index up by 0.33% [1] - The technology sector is expected to be the main focus for Hong Kong stocks in 2026, driven by potential valuation increases, high certainty of incremental capital, and the accumulation of high-quality scarce assets [1] - The AI wave is anticipated to be the main theme for the Hong Kong technology market in 2026, supported by industrial progress and policy backing, leading to a potentially better fundamental outlook for the sector [1] Group 2 - As of October 31, the latest valuation of the Hang Seng Tech Index ETF was 22.85 times, which is in the historical undervaluation range, being lower than 71% of the time since the index was launched [2] - The Hong Kong technology sector is expected to benefit from current trends represented by AI, with potential foreign capital inflow exceeding expectations due to the backdrop of Federal Reserve interest rate cuts [2] - Investors without a Hong Kong Stock Connect account can consider using the Hang Seng Tech Index ETF to gain exposure to core Chinese AI assets [2]
恒生科技估值低于历史上71%以上的时间，机构：2026年重视港股科技主线
Mei Ri Jing Ji Xin Wen·2025-11-03 02:05