财联社·2025-10-02 04:28Core Viewpoint - The Hong Kong stock market is experiencing a significant rally, particularly in the technology sector, driven by strong performances from major companies and increasing investments in AI technology [1][6]. Group 1: Market Performance - The Hang Seng Index rose by 1.45%, while the Hang Seng Tech Index increased by 2.66% [1]. - Notable individual stock performances include Tianqi Lithium rising over 13%, Ganfeng Lithium up over 10%, and Kuaishou increasing by over 6% [1]. Group 2: Company Highlights - Kuaishou-W (01024.HK) saw a 6.56% increase, reaching a price of 90.15 HKD, with a year-to-date gain of 120% [3]. - Alibaba-W (09988.HK) rose by 3.95% to 184.00 HKD, also achieving over 120% growth this year [4]. - Baidu Group-SW (09888.HK) increased by 4.50% to 139.30 HKD, with a 5-day gain of 6.84% and a 20-day gain of 46.17% [5]. Group 3: Investment Sentiment - Market analysts believe that the valuation of Hong Kong's internet giants is converging rapidly with their overseas counterparts, indicating a positive outlook for tech stocks [6]. - Morgan Stanley raised Alibaba's target price to 240 HKD, citing strong growth in Alibaba Cloud driven by AI demand [6]. - The influx of southbound capital into Hong Kong tech stocks has been notable, with Alibaba receiving significant investments, totaling 16.305 billion HKD in net purchases this week [8]. Group 4: AI Investment Trends - Analysts recommend companies like Alibaba, Tencent, and Kuaishou for their strong commitment to AI investments, predicting a critical window for valuation restructuring in the next 12-36 months as generative AI advances [10]. - The rapid adoption of generative AI in China is expected to surpass previous software-as-a-service (SaaS) trends, indicating a transformative phase for the industry [7].