南向资金半日净流入105亿港元，估值性价比或是重要原因

Group 1 - Southbound funds have continued to flow into the Hong Kong stock market, with a net inflow of 10.5 billion HKD on February 6, 2026, and a cumulative net inflow exceeding 120 billion HKD since the beginning of the year [1] - The southbound funds are viewed as an important indicator for the Hong Kong stock market, especially following the record net inflow of 807.87 billion HKD in 2024 [1] Group 2 - The current high cost-performance ratio of the Hong Kong technology sector is a significant factor for the continuous buying by southbound funds, with the Hang Seng Tech Index's valuation (PE-TTM) dropping to 21 times, which is below 70% of the time over the past five years [2] - The Hang Seng Tech Index has a considerable valuation advantage compared to major global tech indices, with a focus on software applications in AI, contrasting with A-shares that are more centered on computing power equipment [3] - Following several months of decline, sectors such as new consumption, new energy vehicles, and innovative pharmaceuticals in Hong Kong have begun to rebound, with expectations for a recovery in the internet software application sector as southbound funds continue to increase their holdings [3]