Mei Ri Jing Ji Xin Wen·2025-11-10 03:23Group 1 - The Hang Seng Technology Index experienced fluctuations, with semiconductor stocks weakening and tech stocks showing mixed performance [1] - The largest A-share ETF in the same sector, the Hang Seng Technology Index ETF (513180), followed the index's movements, with leading stocks including Tongcheng Travel, BYD, Kingsoft, Tencent, and Kingdee, while SMIC, Hua Hong Semiconductor, Xpeng Motors, and Horizon Robotics lagged [1] - According to Zhongtai Securities, the current investment focus in A-shares may shift towards strategic upstream industries and the expansion of technology applications under the "anti-involution" theme, with short-term attention on consumption-boosting policies leading to structural rebounds [1] Group 2 - As of November 7, the latest valuation (PETTM) of the Hang Seng Technology Index ETF (513180) was 22.69 times, which is in the historical low valuation range, being below 72% of the time since the index was launched [2] - The Hong Kong tech sector is expected to benefit from the current trends represented by AI, with potential foreign capital inflow exceeding expectations due to the backdrop of Federal Reserve interest rate cuts, alongside continuous increases in southbound capital [2] - Investors without a Hong Kong Stock Connect account may consider the Hang Seng Technology Index ETF (513180) for exposure to core Chinese AI assets [2]