Group 1 - The Hang Seng Index opened up 0.23%, while the Hang Seng Tech Index rose by 0.21% [1] - Tencent Music increased by over 3%, Bilibili rose nearly 2%, and Kuaishou gained over 1%, while SMIC fell by over 2% [1] Group 2 - Dongwu Securities noted that despite accelerated inflow of southbound funds, overall trading volume in Hong Kong stocks has decreased, affected by global tech stock capital expenditure concerns, indicating short-term high volatility risks [1] - Xing Cheng, manager of the Hengsheng Qianhai Hong Kong Stock Connect Value Mixed Fund, believes the market may trend upwards amid fluctuations in the medium term, suggesting a focus on the AI industry chain, internet, software and hardware sectors, as well as favorable supply-demand dynamics in the metals cycle [1] - Zhao Wenli, chief economist at Jianyin International, assessed that the valuation repair of Hong Kong stocks is nearly complete, with the investment logic shifting from "valuation repair" to "new productive forces" valuation reassessment [1] Group 3 - Analyst Fu Yuan from Dongfang Caifu Securities emphasized that Hong Kong stock valuations remain at historical lows, with the Hang Seng Index PE at only 12 times, and the continuous inflow of southbound funds can not only boost sentiment but also enhance the pricing power of mainland funds in Hong Kong stocks, mitigating the impact of overseas volatility [1]
港股开盘 | 恒指高开0.23% 腾讯音乐(01698)涨超3%