港股回调日，南向资金大举加仓腾讯、小米！港股互联网ETF（513770）再揽2.7亿元，规模站上130亿元新高

Group 1 - The Hong Kong stock market experienced a short-term pullback, with the Hong Kong Internet ETF (513770) declining by 2.54%, while net inflows of 272 million yuan were observed during the dip. The fund size reached a historical high of 13.305 billion yuan [1][9]. - The Hong Kong Internet ETF (513770) and its linked funds passively track the CSI Hong Kong Internet Index, with major holdings including Alibaba-W, Tencent Holdings, and Xiaomi Group-W, which collectively account for over 78% of the top ten weighted stocks [3][11]. - Notably, southbound funds showed a net inflow of 9.178 billion yuan, with Tencent Holdings and Xiaomi Group-W receiving significant increases of 1.955 billion and 1.633 billion yuan, respectively [4][12]. Group 2 - The AI video featuring dancing pets has gained significant traction in overseas markets, leading to a 102% increase in daily revenue for Kuaishou's AI mobile platform compared to December 2025. JPMorgan highlighted Kuaishou as one of the "cheapest AI stocks globally" [5][13]. - Citigroup's report favored Tencent Holdings and Alibaba-W as core AI concept stocks, emphasizing Tencent's prospects in enterprise and user applications and Alibaba's growth in cloud revenue and efficiency [6][13]. - Industrial Securities indicated that leading internet companies are poised to benefit from a convergence of domestic and foreign capital, with expectations for long-term profit growth and valuation increases as AI applications deepen [14]. Group 3 - CITIC Securities stated that AI remains a core catalyst for valuation increases in the Hong Kong internet sector, focusing on model iteration, application implementation, and performance realization as key areas of narrative reinforcement [14]. - For investors seeking to reduce volatility while still focusing on technology, the Hong Kong Large Cap 30 ETF (520560) is recommended, combining high-growth tech stocks like Alibaba and Tencent with stable dividend-paying companies [14].