南向资金净买入额创5个月新高，疯狂抄底腾讯、阿里，港股互联网ETF（513770）低位震荡，单日吸金超亿元

Group 1 - The core point of the news highlights the recent fluctuations in the Hong Kong stock market, particularly the performance of the Hang Seng Index and the Hong Kong Internet ETF, which saw a significant drop but also experienced a net inflow of capital [1][3] - The Hong Kong Internet ETF (513770) has reached a seven-month low, with a notable net inflow of 1.18 billion yuan, indicating active buying interest despite market volatility [1][3] - Southbound capital saw a substantial net inflow of 24.977 billion HKD, marking a five-month high, with Tencent Holdings and Alibaba receiving significant net purchases of 5.578 billion HKD and 7.683 billion HKD respectively [3] Group 2 - The report emphasizes the potential of the Hong Kong Internet ETF and its connection to AI commercialization, with top holdings including Alibaba, Tencent, and Xiaomi, which collectively account for nearly 77% of the ETF [4][5] - The performance of the China Securities Index for the Hong Kong Internet sector over the past five years shows a mixed trend, with significant declines in 2021, 2022, and 2023, but a recovery in 2024 and 2025 [7] - Analysts from Guotai Junan Securities express optimism about the Hong Kong stock market, suggesting that the rebound in the US dollar index and rising US Treasury yields will not have a lasting negative impact on the market [3][4]