恒指走低0.80%，科技股领跌，百度、哔哩哔哩跌逾2%

Core Viewpoint - The Hong Kong stock market is experiencing a decline, with the Hang Seng Index down 0.80%, the Hang Seng Tech Index down 1.19%, and the Hang Seng China Enterprises Index down 0.79%. However, the technology sector remains a key focus driven by AI developments, with potential benefits from improved US-China relations and a reduction in profit expectation disturbances from the internet delivery platform subsidy wars [1]. Group 1: Market Performance - The Hong Kong stock market's half-day trading volume reached HKD 118.468 billion [1]. - Notable declines in the technology sector include Xiaopeng Motors down 2.99%, Baidu Group down 2.82%, and Bilibili down 2.68% [1]. - Conversely, Hua Hong Semiconductor rose by 1.75% and SMIC increased by 0.41% [1]. Group 2: Industry Insights - The AI-driven narrative in the Hong Kong stock market is expected to gradually reflect in domestic markets, enhancing risk appetite due to stabilizing US-China relations [1]. - The leading technology companies in Hong Kong are positioned to benefit from the AI industry transformation, with an upward trend in the AI industry cycle further confirming their relative advantages [1]. Group 3: Related ETFs - The Hong Kong Stock Connect Technology ETF (159101) covers the entire technology industry chain [2]. - The Hang Seng Internet ETF (513330) focuses on leading internet companies [2].