港股通科技ETF基金（159101）五连跌，成交显著放量达4亿元，居赛道第一

Core Viewpoint - The Hang Seng Technology Index has declined again, but the Hong Kong Stock Connect Technology ETF (159101) has seen a significant increase in trading volume, indicating active bottom-fishing by investors who recognize the value of low-position allocations [1] Group 1: ETF Performance and Characteristics - The trading volume of the Hong Kong Stock Connect Technology ETF reached 400 million yuan, making it the top performer among similar funds in the Hang Seng Technology Index [1] - The ETF consists entirely of Hong Kong Stock Connect eligible stocks, with liquidity not restricted by QD foreign exchange quotas [1] - The ETF passively tracks the National Index Hong Kong Stock Connect Technology Index, which has a high overlap with the Hang Seng Technology Index, and includes both hardware and software sectors while also increasing exposure to the biotechnology sector [1] Group 2: Investment Outlook - Xu Meng, head of the quantitative investment department at Huaxia Fund and manager of the Hong Kong Stock Connect Technology ETF, predicts that 2026 will be a year of valuation contraction combined with profit growth for the Hong Kong market [1] - The leading sectors are categorized into two types: those experiencing a bottom reversal (where profit growth turns positive or significantly increases) and those benefiting from strengthened industrial trends or long-term logic (where profits maintain high growth) [1] - The technology sector is highlighted as having significant medium- to long-term investment value, with short-term pullbacks providing better allocation opportunities for investors [1]