ETF盘中资讯 | 港股AI盘中走强，阿里巴巴涨超3%！美团水下拉升，“外卖亏损在上季度已经达峰”

Core Insights - The Hong Kong stock market showed a slight increase on the first trading day of December, with notable gains in AI-related stocks, particularly Alibaba and Tencent [1][3] - Meituan reported a significant loss in its local market business for Q3, amounting to approximately 14.1 billion yuan, primarily due to irrational competition in the food delivery sector [3] - The market is perceived to be nearing a "bad news fully priced" state, with previous risks such as US-China trade tensions and the impact of the food delivery competition on internet sector profitability being largely absorbed [3] Market Performance - The Hang Seng Index and Hang Seng Tech Index opened slightly higher, with Alibaba-W rising over 3% and Tencent Holdings increasing by more than 1% [1] - The Hong Kong Internet ETF (513770) saw a price increase of 0.9%, surpassing the 5-day moving average [1] Company-Specific Developments - Meituan's Q3 report indicated that losses in the food delivery segment peaked during this quarter, signaling a potential end to the intense competition in the sector [3] - Alibaba has also indicated a slowdown in subsidies for its flash purchase business, suggesting a shift in strategy as the "food delivery war" appears to be winding down [3] Investment Opportunities - The Hong Kong Internet ETF (513770) and its associated funds are recommended for investors looking to capitalize on the internet sector, which has adjusted significantly under previous liquidity pressures [3][4] - The ETF tracks the CSI Hong Kong Internet Index, which is heavily weighted towards leading internet companies, including Alibaba, Tencent, and Xiaomi, with a combined weight of over 45% [4] Fund Performance Metrics - The Hong Kong Internet ETF has a market size exceeding 10 billion yuan, with an average daily trading volume of over 600 million yuan, indicating strong liquidity [4] - The top holdings in the ETF include Alibaba (18.89%), Tencent (17.01%), and Xiaomi (10.05%), reflecting a focus on major players in the technology sector [4]