Mei Ri Jing Ji Xin Wen·2025-11-06 05:40Group 1 - The Hong Kong stock market indices opened high and continued to rise, with the Hang Seng Tech Index up nearly 2% in the afternoon, driven by gains in tech stocks, metals, and semiconductor sectors [1] - Semiconductor stocks led the gains, with SMIC rising over 5% in the afternoon, attributed to the surge in demand for generative AI training and inference, which is accelerating investments in servers and network facilities [1] - The global GPU market is projected to grow from $77.39 billion in 2024 to $472.45 billion by 2030, indicating rapid growth in the AI chip market in China since the launch of DeepSeek [1] Group 2 - As of November 5, the Hang Seng Tech Index ETF (513180) had a latest valuation (PETTM) of 22.52 times, which is in the low valuation range historically, being below 73% of the time since the index was launched [2] - The outlook for the Hong Kong tech sector is positive, benefiting from the current AI-driven industrial trends, potential foreign capital inflow due to expected Fed rate cuts, and continuous accumulation of southbound funds, suggesting a promising fourth quarter for the Hang Seng Tech Index [2] - Investors without a Hong Kong Stock Connect account can consider the Hang Seng Tech Index ETF (513180) for exposure to core Chinese AI assets [2]