恒生指数翻红企稳，震荡上行趋势不改

Core Viewpoint - The Hong Kong stock market, particularly the technology sector, is experiencing short-term adjustments but maintains a long-term upward trend, presenting strategic investment opportunities for investors [1] Market Performance - On November 4, the Hang Seng Index opened down 0.04% and the Hang Seng Tech Index fell 0.19%, but later stabilized [1] - The non-ferrous metals sector weakened, while the banking and pharmaceutical industries showed strength, and the new energy theme was active [1] Investment Opportunities - The AH share premium index has significantly decreased from a high of 40% at the beginning of the year, indicating a narrowing valuation gap as both domestic and international capital flows into the market [1] - The technology sector in Hong Kong is positioned favorably due to global macroeconomic trends and continuous capital inflow, alongside its significant valuation advantages in the AI industry [1] Market Outlook - Despite potential short-term market fluctuations, the overall trend for the technology sector is expected to continue with a pattern of "downward support and upward potential" [1] - Each market correction driven by sentiment or short-term factors may present a good buying opportunity for investors looking to acquire core Chinese technology assets at relatively reasonable prices [1] Investment Strategy - Investors are advised to remain rational, ignore short-term noise, and focus on long-term industry development trends to seize opportunities arising from China's economic transformation and technological revolution [1] Relevant ETFs - Hong Kong Stock Connect Technology ETF (159101) covers the entire technology industry chain - Hang Seng Internet ETF (513330) focuses on leading internet companies [1]