Group 1 - The Hong Kong stock market, particularly the Hang Seng Technology Index, experienced a decline, with the index dropping over 1% in the afternoon session on July 9 [1] - The largest ETF tracking the Hang Seng Technology Index (513180) also saw a slight decrease, with major holdings like Hua Hong, NetEase, Alibaba, Bilibili, Kuaishou, and Xpeng Motors showing significant declines [1] - According to a recent report by Founder Securities, the current upward trend in the Hong Kong stock market is expected to continue, driven by strong economic fundamentals and a series of favorable policies [1] Group 2 - The Hang Seng Technology Index ETF (513180) is currently at a relatively low valuation, with a latest P/E ratio of 20.10, which is below 91% of the time since the index was launched on July 27, 2020 [1] - Positive sentiment and ample liquidity are seen as crucial foundations for the next phase of growth in the Hong Kong technology sector, with expectations for thematic catalysts to drive performance [1] - The Hang Seng Technology Index ETF (513180) has seen significant capital inflows, with net inflows of 755.7 million yuan on July 3 and 682 million yuan on July 4, totaling over 2.4 billion yuan in the last 20 trading days, reaching a new high of 29.488 billion yuan [2]