Group 1 - The Hong Kong stock market saw a significant rise, with the Hang Seng Technology Index increasing by 1.5% and the Hang Seng Index rising nearly 1% [1]

港股午间收盘，恒指收涨0.49%，科指收涨0.93%， 中科生物涨超40%。 ...

Core Viewpoint - The Hong Kong stock market opened lower but experienced a recovery, with the Hang Seng Technology Index rising by 1% to 5451.87 points [1] Group 1 - The Hong Kong stock market showed resilience by reversing initial losses and closing higher [1] - The Hang Seng Technology Index's increase indicates positive sentiment in the technology sector [1]

上证报中国证券网讯 8月4日，恒生指数低开0.31%，恒生科技指数跌0.66%。英诺赛科涨超4%，蔚来涨 超2%；比亚迪股份跌近3%，快手、阿里巴巴跌超1%。 来源：上海证券报·中国证券网 ...

人民财讯8月1日电，恒生指数跌幅扩大至1%，恒生科技指数跌近1%。 ...

Group 1 - The overall Hong Kong stock market is under pressure due to a strong US dollar index, with the technology sector experiencing deeper adjustments, yet investor interest remains strong as evidenced by significant inflows into the Hang Seng Tech ETF [1] - The Hang Seng Tech ETF (513130) has seen a net inflow of 2.476 billion yuan over five consecutive trading days from July 25 to July 31, making it the only ETF tracking the Hang Seng Tech Index with cumulative net inflows exceeding 2.4 billion yuan during this period [1] - On July 31, the Hang Seng Tech ETF recorded a single-day net subscription of 1.492 billion shares, setting a new record for daily net subscriptions since its inception, with total shares surpassing 40.521 billion and total assets exceeding 29.265 billion yuan [1][2] Group 2 - The Hang Seng Tech ETF closely tracks the Hang Seng Tech Index, which includes 30 leading companies in the Hong Kong internet and technology manufacturing sectors, with top five weighted stocks being Tencent, Netease, Alibaba, Xiaomi, and Kuaishou [2] - The current price-to-earnings ratio of the Hang Seng Tech Index is 21.46, within a historical range of 20.31% over the past five years, indicating potential valuation relief [2] - Despite a slight downward adjustment in earnings expectations for some internet platforms, other sub-sectors like new energy vehicles, semiconductors, and consumer electronics show positive earnings revisions, suggesting a favorable investment window [2]

Market Performance - The China Securities Hong Kong Stock Connect Internet Index decreased by 0.3%, the Hang Seng Technology Index fell by 0.7%, the Hang Seng Hong Kong Stock Connect New Economy Index dropped by 1.2%, the China Securities Hong Kong Stock Connect Pharmaceutical and Health Comprehensive Index declined by 1.3%, and the China Securities Hong Kong Stock Connect Consumer Theme Index fell by 1.9% [1] Fund Inflows - The E Fund Hang Seng Technology ETF (513010) saw a net inflow of 600 million yuan over the past three days [1] Earnings Expectations - According to CITIC Securities, while there has been a slight downward adjustment in recent earnings expectations for the Hang Seng Technology Index, this is mainly due to the impact of delivery subsidies on several internet platforms, which has already been fully priced in by the market. Other sub-sectors generally show an upward adjustment in earnings expectations, particularly in the new energy vehicles, semiconductors, and consumer electronics sectors [1] Future Outlook - Overall, the Hang Seng Technology Index is expected to present a "steady as the main focus, with upward elasticity" pattern in the mid-2025 interim report [1]

人民财讯7月31日电，截至午间收盘，香港恒生指数跌1.07%，恒生科技指数涨0.34%。金蝶国际涨超 11%，快手涨近9%。 转自：证券时报 ...

Group 1 - The Hang Seng Index closed down by 1.07% on July 31, while the Hang Seng Tech Index increased by 0.34% [1] - Kingdee International saw a significant rise of over 11%, while Kuaishou experienced an increase of nearly 9% [1]

Core Viewpoint - The Hong Kong stock market opened lower and continued to decline, with the Hang Seng Technology Index dropping by 1% to 5434.67 points [1] Group 1 - The Hong Kong stock market experienced a downward trend on July 31 [1] - The Hang Seng Technology Index specifically fell by 1% [1] - The index closed at 5434.67 points [1]