Group 1 - The Hang Seng Index and the Hang Seng Tech Index have turned positive, with both indices rising over 0.2% [1]

Group 1 - The Hang Seng Index opened lower by 0.31% [1] - The Hang Seng Tech Index declined by 0.66% [1] - In terms of individual stocks, InnoCare Pharma rose over 4% and NIO increased by over 2% [1] Group 2 - BYD shares fell nearly 3% [1] - Kuaishou and Alibaba both dropped by over 1% [1]

港股开盘，恒生指数低开0.31%，恒生科技指数低开0.66%。英诺赛科高开4%，上个交易日收涨超 30%。 ...

恒生指数跌幅扩大至1%，恒生科技指数跌0.9%。 ...

Group 1 - The Hang Seng Index has expanded its decline to 1% [1] - The Hang Seng Tech Index has dropped nearly 1% [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，香港恒生指数收跌1.6%，恒生科技指数跌0.69%。老铺黄金跌逾8%，泡泡玛特跌 逾4%，宁德时代跌近5%，中芯国际涨近2%。 ...

恒生指数收跌1.6%，恒生科技指数跌0.69%。快手涨超6%。 ...

Group 1 - The Hang Seng Index closed down by 1.60% [1] - The Hang Seng Tech Index decreased by 0.69% [1] - The Hong Kong Tech ETF (159751) fell by 0.45% [1] - The Hang Seng Hong Kong Stock Connect ETF (159318) dropped by 1.17% [1] - Lao Pu Gold experienced a decline of over 8% [1]