恒生科技指数小幅下跌，机构称中期港股有望迈向新高

Group 1 - The Hong Kong stock market showed mixed performance on November 10, with the Hang Seng Tech Index experiencing a slight decline [1] - The largest ETF tracking the A-share sector, the Hang Seng Tech Index ETF (513180), followed the index with a minor drop, while stocks like Tongcheng Travel, BYD, Kingsoft, Tencent, and Kingdee International led the gains [1] - Conversely, stocks such as SMIC, Hua Hong, Xpeng Motors, and Horizon Robotics faced declines [1] Group 2 - According to Guotai Junan, short-term focus should be on the U.S. government reopening and economic data, while the Hong Kong stock market is expected to reach new highs in the medium term [1] - Despite short-term strength in the U.S. dollar index and increased foreign capital outflow pressure, the current dollar strength may be more influenced by short-term liquidity factors [1] - Recent bipartisan discussions in the U.S. suggest a potential end to the government shutdown by the weekend, which could lead to a rapid release of previously accumulated liquidity [1] Group 3 - As of November 7, the Hang Seng Tech Index ETF (513180) had a latest valuation (PETTM) of 22.69 times, placing it in the historical low valuation range, below 72% of the time since the index was launched [2] - The Hong Kong tech sector is expected to benefit from current trends in AI, with potential foreign capital inflow exceeding expectations against the backdrop of anticipated Fed rate cuts [2] - Continuous accumulation of southbound funds suggests a positive outlook for the Hang Seng Tech Index in the fourth quarter [2]