恒生科技指数大涨，超百亿资金逆势抄底恒生科技指数ETF、恒生科技ETF、恒生科技ETF天弘、恒生科技ETF易方达

Group 1 - The Hang Seng Technology Index experienced a significant increase of 3.16% on the second trading day after the Spring Festival, following a period of deep adjustment where it fell by 22.02% over 93 trading days from October 3, 2025, to February 20, 2026 [1] - Major companies in the Hong Kong market, including Xiaomi Group, Meituan, and others, have initiated share buybacks, with Xiaomi announcing a buyback of 4.28 million shares for HKD 152 million on February 20, 2026, marking its 24th buyback of the year [1] - The total amount of share buybacks in the Hong Kong market has exceeded HKD 25.4 billion in 2026, with Tencent Holdings leading with a buyback amount of over HKD 6.358 billion [1] Group 2 - From October 9, 2025, to February 13, 2026, ETFs tracking the Hang Seng Technology Index saw a net inflow of over HKD 82.3 billion, with four specific ETFs each receiving over HKD 13 billion in net inflows [2][4] - The current relative valuation of the Hong Kong technology sector is at a historical low, with the Hang Seng Technology Index/A-share dual innovation index premium nearing historical lows, indicating that the sector is significantly undervalued [6] - The Hang Seng Technology Index is characterized by a combination of oversold valuation, counter-cyclical capital inflow, positive fundamentals in AI, and increased buybacks, suggesting a favorable risk-reward ratio for medium to long-term strategic allocation [6]