Group 1 - The Hang Seng Tech Index showed strong performance on November 24, 2025, rising by 1.61%, with notable increases in stocks such as NetEase-S (+5.67%), Kuaishou-W (+5.00%), and NIO-SW (+4.24%) [1] - Li Auto was announced to be included in the Hang Seng Tech Index effective December 8, 2025, as per the announcement from the Hang Seng Index Company on November 21 [1] - The Hang Seng Tech Index is considered a benchmark for core technology stocks in Hong Kong, representing the 30 most growth-oriented companies in the market, focusing on sectors like information technology and smart manufacturing [1] Group 2 - Huatai Securities noted that the main narrative of asset revaluation in China remains unchanged, with a persistent demand for core assets, although there is a need for a more discerning allocation strategy due to the shift from valuation to earnings [2] - The recent adjustment in the Hong Kong stock market occurred earlier and with a deeper decline compared to the A-share market, suggesting that current levels may present value for investment [2] - The Hang Seng Tech ETF closely tracks the Hang Seng Tech Index, which includes the top 30 Hong Kong-listed companies highly related to technology themes, serving as a convenient tool for investing in tech-oriented and growth-oriented companies in the Hong Kong market [2]

Core Insights - The Hang Seng Index rose by 0.61% at midday, with the Hang Seng Tech Index increasing by 0.12% and the Hang Seng China Enterprises Index climbing by 0.84% [1] - The market's half-day trading volume reached HKD 114.79 billion [1] - The technology sector attracted significant foreign investment, viewed as having both valuation safety margins and growth potential amid global market volatility [1] Technology Sector Performance - Notable gainers in the tech sector included Tongcheng Travel, which rose by 4.54%, Kingsoft up by 1.89%, and Kingdee International increasing by 1.85% [1] - Conversely, Huahong fell by 3.21%, and Tencent Music declined by 1.91% [1] Market Outlook - Analysts suggest that the local economy is stabilizing, the IPO market is recovering, and global liquidity is improving due to the Federal Reserve's interest rate cuts, which may provide further revaluation momentum for the Hong Kong tech sector [1] - JPMorgan forecasts that this upward trend will continue until 2026, presenting long-term investment opportunities for investors [1] Related ETFs - The Hong Kong Stock Connect Technology ETF (159101) covers the entire technology industry chain [1] - The Hang Seng Internet ETF (513330) focuses on leading internet companies [1]