Xin Lang Cai Jing·2025-12-22 01:58Core Viewpoint - The article highlights the recent trends in the stock market, particularly focusing on the performance of various sectors and the impact of AI developments on investment opportunities in the Hong Kong internet sector [7][9][18]. Sector Performance - The top-performing sectors on December 19, 2025, included: - Commerce and Retail: +3.66% - Comprehensive: +2.22% - Light Industry Manufacturing: +2.17% - Social Services: +2.06% - Environmental Protection: +2.03% [3][15]. - The sectors with the largest declines were: - Coal: -0.44% - Electronics: -0.29% - Banking: -0.29% [3][15]. Capital Flow - The sectors with the highest net inflows of capital were: - Automotive: 2.349 billion - Machinery Equipment: 2.077 billion - Non-ferrous Metals: 0.895 billion [3][16]. - The sectors with the largest net outflows included: - Electronics: -2.979 billion - Pharmaceutical Biology: -2.545 billion - Transportation: -1.031 billion [3][16]. ETF Performance - Notable ETF performances included: - Chemical ETF: +1.75% with a 6-month increase of 37.97% - Hong Kong Stock Connect Innovative Drug ETF: +1.73% with a 6-month increase of 5.81% - Pension ETF: +1.73% with a 6-month increase of 6.79% [5][6][16]. - The Hong Kong Internet ETF (513770) saw a net inflow of 1.25 billion over the past 10 days, indicating strong investor interest [9][18]. AI Developments - Recent advancements in AI by Tencent and Meituan are expected to positively influence the Hong Kong internet sector, with significant capital inflow anticipated [7][18]. - The demand for AI-driven products is projected to drive growth in the optical module sector, with expectations of a doubling in demand by 2026 [19]. Market Outlook - The article suggests that the combination of recovering overseas liquidity and ongoing AI narratives may lead to a resurgence in the Hong Kong AI sector, with 2026 being positioned as a potential investment year for AI applications [9][19].