机构称AI长期产业趋势依然存在，港股通互联网ETF基金（520910）近5个交易日累计“吸金”达3250万元

Core Viewpoint - The Hong Kong stock market showed a mixed performance with the Hang Seng Index rising by 0.25%, driven by a rebound in large-cap technology stocks and a collective rise in the biopharmaceutical sector, while the market is shifting focus towards tangible assets amid AI uncertainties [1][2] Group 1: Market Performance - The three major indices of the Hong Kong stock market opened higher but closed lower, with the Hang Seng Index up 0.25%, the Hang Seng China Enterprises Index up 0.04%, and the Hang Seng Tech Index up 0.15% [1] - Major technology stocks experienced varied performance, with SenseTime rising over 4% and Tencent Holdings increasing nearly 1.5%, while other key tech stocks like SMIC and Alibaba also saw gains [1] - The Hong Kong Stock Connect Internet ETF (520910) saw a slight increase, with a total scale of 664 million yuan and a net inflow of 32.5 million yuan over the past five trading days [1] Group 2: Market Analysis - Analysts attribute the recent market pullback to a "HALO trading" strategy, indicating a shift from chasing light-asset narratives to focusing on tangible assets with high entry barriers that are less susceptible to technological obsolescence [1] - According to Ping An International, external market disturbances have led to a retreat in optimistic sentiment, with some trading indicators showing weakened momentum [2] - The Hang Seng Index remains above one standard deviation from the past five years, while the Hang Seng Tech Index is closer to its five-year average, suggesting potential for upward movement if companies adjust their earnings guidance positively [2] Group 3: AI and Investment Trends - The long-term trend in AI remains strong, with a necessary focus on continued investment, although the structure of investments is expected to become more differentiated [2] - Companies in the Hong Kong stock market, particularly leading tech firms, are encouraged to plan their AI investments strategically to enhance their upward potential and certainty [2] - The Hong Kong Stock Connect Internet ETF (520910) tracks the CSI Hong Kong Stock Connect Internet Index, covering key internet sectors with a high proportion of AI applications, including major players like Alibaba, Tencent, Meituan, and Kuaishou [2]