Sou Hu Cai Jing·2025-11-17 02:52Group 1 - Hong Kong's three major indices experienced a slight decline, with the Hang Seng Tech Index dropping over 0.5%. The largest ETF in the A-share sector, the Hang Seng Tech Index ETF (513180), followed the index's downward trend, with major holdings like Trip.com, Lenovo, Baidu, and BYD Electronics leading the decline, while Hua Hong, SMIC, and Alibaba showed gains, with Alibaba rebounding after a near 2% drop [1] - In the A-share market, the three major indices also saw slight declines, with the computer sector performing well. Concepts such as lithium mining, cross-strait integration, and AI computing power were active during the trading session. The Cloud Computing 50 ETF (516630) rose over 1%, with stocks like Dongfang Guoxin, Yidian Tianxia, and Tuo Wei Information showing significant gains, including Dongfang Guoxin which surged over 12% [1] Group 2 - Current A-share technology trends are heavily influenced by global AI industry trends and the performance of US tech stocks. Key signals to watch include the Federal Reserve's potential interest rate cut in December, which has seen a decrease in implied probability to below 45%, raising concerns about the "US stock AI bubble theory." Additionally, the upcoming Q3 earnings reports from major tech companies like Nvidia, Alibaba, and Baidu will be crucial in addressing these concerns and impacting A-share tech stocks and global risk assets [2] Group 3 - The Hang Seng Tech Index ETF (513180) includes core Chinese tech assets such as Xiaomi, NetEase, Tencent, Alibaba, and Meituan, which are relatively scarce compared to A-shares [3] - The Cloud Computing 50 ETF (516630) covers popular computing power concepts, including optical modules and devices, computing power leasing, data centers, and AI servers [3]