港股半导体走强，华虹半导体涨超5%，资金连续3日涌入港股科技50ETF（159750）

Group 1 - The core viewpoint of the article highlights the mixed performance of Hong Kong tech stocks, with semiconductor hardware experiencing collective gains while other major tech companies faced declines [1] - Hong Kong's semiconductor stocks, such as Hua Hong Semiconductor, ASMPT, and SMIC, saw increases of over 5% and 3% respectively, while companies like NetEase, Xiaomi, and Meituan experienced declines [1] - The Hong Kong Technology 50 ETF (159750) has seen significant capital inflows, with over 23 million CNY net inflow during the trading session and over 30 million CNY in the last three trading days [1] Group 2 - According to CITIC Securities, the AI application sector is expected to be a major focus in 2026, with ongoing catalysts for AI applications and a trend towards accelerated implementation [2] - AI is gradually penetrating daily life through various sectors, including automotive, robotics, smart home devices, and wearables, indicating substantial growth potential in AI applications in China [2] - The Hong Kong stock market has been in a state of adjustment since October last year, but current market sentiment and valuation levels suggest a high potential for investment [3] Group 3 - The Hong Kong stock market sentiment index was reported at 33.7 as of January 9, showing a recovery compared to the previous week, driven by net inflows from southbound funds and improved buying intensity [3] - Historical data indicates that entering the "panic zone" for Hong Kong stocks has historically led to a 100% success rate in the following month, suggesting a favorable investment opportunity [3] - The valuation of the Hong Kong Technology 50 ETF (159750) is currently at 25.53 times, which is considered attractive compared to historical levels [3][4] Group 4 - The PE-TTM ratio for the Hong Kong Technology 50 ETF is at the 18th percentile of its historical range, indicating a relatively low valuation compared to the Nasdaq and ChiNext indices, both at 42 times [4] - The Hong Kong Technology 50 ETF tracks the Hong Kong Technology Index, which includes major Chinese tech companies, and has outperformed the Hang Seng Technology Index since its inception [4] - From December 31, 2014, to January 20, 2026, the cumulative increase of the Hong Kong Technology Index is 102.71%, compared to 89.45% for the Hang Seng Technology Index [4]