港股本周震荡分化，科技股领跌，恒生科技ETF易方达（513010）、港股通互联网ETF（513040）受资金青睐

Core Viewpoint - The Hong Kong stock market experienced fluctuations this week, with the consumer sector showing strength while technology and pharmaceutical sectors faced declines [1]. Index Performance - The CSI Hong Kong Stock Connect Consumer Theme Index rose by 0.6% [1]. - The CSI Hong Kong Stock Connect Pharmaceutical and Health Comprehensive Index fell by 2.0% [1]. - The Hang Seng Technology Index decreased by 2.8% [1]. - The CSI Hong Kong Stock Connect Internet Index dropped by 3.0% [1]. - The Hang Seng Hong Kong Stock Connect New Economy Index declined by 3.1% [1]. Fund Flows - The Hang Seng Technology ETF (513010) and the Hong Kong Stock Connect Internet ETF (513040) saw inflows of 920 million and 270 million respectively during the week [1]. Valuation Metrics - The rolling price-to-earnings (P/E) ratios for the indices are as follows: - Hang Seng New Economy Index: 24.5x [3]. - Hang Seng Technology Index: 22.9x [3]. - CSI Hong Kong Stock Connect Pharmaceutical and Health Comprehensive Index: 31.9x [3]. - CSI Hong Kong Stock Connect Internet Index: 24.6x [3]. - CSI Hong Kong Stock Connect Consumer Theme Index: 17.2x [3]. Historical Performance - Year-to-date performance shows: - Hang Seng New Economy Index: +29.0% [8]. - Hang Seng Technology Index: +22.6% [8]. - CSI Hong Kong Stock Connect Pharmaceutical and Health Comprehensive Index: +68.8% [8]. - CSI Hong Kong Stock Connect Internet Index: +28.2% [8]. - CSI Hong Kong Stock Connect Consumer Theme Index: +23.9% [8]. Sector Composition - The Hang Seng Technology Index consists of the largest 30 stocks related to technology, with over 90% from information technology and consumer discretionary sectors [6]. - The CSI Hong Kong Stock Connect Pharmaceutical and Health Comprehensive Index includes 50 liquid and large-cap stocks from the healthcare sector, with over 90% weight in healthcare [6]. - The CSI Hong Kong Stock Connect Internet Index comprises 30 leading internet companies, primarily from information technology and consumer discretionary sectors [6]. - The CSI Hong Kong Stock Connect Consumer Theme Index includes 50 liquid and large-cap consumer stocks, with over 55% from consumer discretionary [6].