科技行情爆发，港股科技ETF（513020）涨超1.7%，连续4日净流入8800万元

Core Viewpoint - Hong Kong's technology leaders are currently valued reasonably with increased dividends and buybacks amid heightened AI investments, indicating a favorable outlook for the sector despite recent adjustments influenced by U.S. AI leaders' pullback [1] Group 1: Market Dynamics - The recent adjustment in the technology sector is primarily due to the transmission of pullbacks from U.S. AI leaders, alongside year-end institutional funds locking in profits and shifting towards defensive strategies [1] - The decline in leveraged trading activity is attributed to a policy vacuum period, which has reduced trading momentum [1] Group 2: Future Outlook - The technology market is expected to continue its trend after a short-term correction, as the current stage of AI development corresponds to the hardware-to-application diffusion period in the U.S. from 2023 to 2024 [1] - The hardware market has already been fully realized, while the application layer is just beginning, suggesting that the market has not yet reached its peak [1] Group 3: Investment Vehicles - The Hong Kong Technology ETF (513020) tracks the Hong Kong Stock Connect Technology Index (931573), which selects high R&D intensity and growth-oriented technology leaders from the Stock Connect universe [1] - This index covers core technology sectors such as the internet, innovative pharmaceuticals, new energy vehicles, and semiconductors, reflecting a diversified technology industry characterized by "hard technology + digital technology + biotechnology" [1]