海外策略双周报：港股资产重估扩散，海外衰退担忧升温

Group 1 - The report highlights that the Hong Kong stock market is experiencing a significant rebound, driven by positive sentiment from the National People's Congress and a continued revaluation of technology assets [3][31] - The Hang Seng Index, Hang Seng Technology Index, and Hang Seng Composite Index saw increases of 5.62%, 8.43%, and 5.53% respectively during the week of March 7 [31] - The report indicates that sectors such as information technology (up 8.85%), non-essential consumption (up 7.89%), and materials (up 11.20%) are leading the gains, suggesting a broadening of the asset revaluation towards cyclical sectors [3][31] Group 2 - The report emphasizes the investment value of technology assets in the Hong Kong market, noting that leading companies are expected to continue driving the technology sector's performance [32] - The report states that the information technology sector in Hong Kong is currently at a low historical valuation percentile of 42.0%, indicating potential for recovery [32] - The performance of major technology companies, particularly Alibaba, is highlighted, with recent earnings exceeding expectations and significant growth in AI and cloud business revenues [32]