ETF盘前资讯 恒生科技跌破牛熊分界线，什么信号？抄底资金涌入港股“独有资产”

Core Viewpoint - The Hong Kong stock market, particularly the technology sector, has experienced significant declines, reflecting pressures from liquidity, fundamentals, and valuation [1][3] Group 1: Market Conditions - The Hang Seng Technology Index fell nearly 3%, breaching the annual line, indicating bearish sentiment [1] - Recent slowdown in southbound capital inflows is attributed to new fund regulations, which may exert downward pressure on Hong Kong stocks [1] - The market has seen a lack of willingness for new capital entry as the year-end approaches, compounded by geopolitical factors affecting market sentiment [1] Group 2: Valuation and Investment Opportunities - The valuation of the Hong Kong internet sector is notably lower, with the CSI Hong Kong Internet Index's P/E ratio at 24.92, significantly below that of the ChiNext Index (40.04) and Nasdaq 100 (35.58) [3][4] - There is potential for a significant influx of long-term capital into the Hong Kong market, estimated at HKD 1.54 trillion by the end of 2026, driven by policy improvements and favorable tax conditions [4][5] Group 3: Investment Products - The Hong Kong Internet ETF (513770) has attracted a net inflow of HKD 853 million over nine consecutive days, indicating strong investor interest [1][5] - The ETF tracks major internet companies like Alibaba and Tencent, with over 73% of its holdings in AI-related firms, showcasing a strong focus on growth sectors [5] - For investors seeking to mitigate volatility while maintaining exposure to technology, the Hong Kong Large Cap 30 ETF (520560) offers a balanced strategy with both high-growth tech stocks and stable dividend-paying companies [5]