Core Viewpoint - The article highlights a significant inflow of funds into Hong Kong's technology sector through cross-border ETFs, indicating a growing interest in technology-themed investments as the market rebounds in early 2026 [1][3]. Fund Inflows and Performance - Since the beginning of 2026, over 160 Hong Kong ETFs have seen a net inflow of 28.389 billion yuan, with approximately 90% of this capital directed towards technology-themed products such as the Hong Kong Internet ETF and the Hang Seng Technology ETF [1][3][4]. - The total scale of Hong Kong ETFs has approached 800 billion yuan, marking an increase of nearly 79 billion yuan since the end of 2025, representing an 11% growth [6]. Product Development - At least 28 new Hong Kong-themed funds have been reported by public fund managers since the start of 2026, focusing primarily on technology, healthcare, and consumer sectors, with technology funds being the most prominent [1][8][9]. - The top 10 funds attracting significant capital include several technology ETFs, with inflows exceeding 10 billion yuan for products like the GF Hong Kong Non-Bank ETF and the FT Hong Kong Internet ETF [4][5]. Fund Performance - Most Hong Kong ETFs have recorded positive returns since the beginning of 2026, with several funds in the healthcare and non-bank sectors achieving returns over 10% [5][6]. - The performance of technology-themed ETFs has been particularly strong, with the Hong Kong Internet ETF and the Hang Seng Technology ETF yielding returns of approximately 8.9% and 8%, respectively [5]. Long-term Investment Outlook - The article emphasizes the long-term growth potential of the technology sector in Hong Kong, driven by global capital and talent influx, as well as favorable trends in artificial intelligence and innovation [10][11]. - The article also notes the potential for investment in upstream resources and companies expanding internationally, indicating a broader strategy for capital allocation in the Hong Kong market [10].

Group 1 - The U.S. will send letters to approximately 100 countries detailing new tariff rates ranging from 20% to 30% starting July 4 [1] - The U.S. Treasury Secretary indicated that around 123 countries were initially subject to a 10% reciprocal tariff, with a series of trade agreements expected to be announced before the deadline on July 9 [1][2] - The U.S. has only finalized trade agreements with the UK and Vietnam, while a framework agreement has been reached with China [1] Group 2 - President Trump expressed strong doubts about the prospects of U.S.-Japan tariff negotiations, threatening tariffs of 30% or 35% on Japanese imports, which is higher than the previously proposed 24% [2] - The EU is prepared to reach a principle agreement with the U.S. on tariffs but will take countermeasures if negotiations fail [2][3] - The EU is pushing for the U.S. to eliminate tariffs on EU exports as part of any framework agreement, with current tariffs on EU automobiles at 25% and on steel and aluminum at 50% [3] Group 3 - The U.S. is considering expanding tariffs to additional sectors, including wood, aerospace parts, pharmaceuticals, chips, and critical minerals [3] - Recent trade data indicates that the tariff policies are disrupting the U.S. economy, with a decline in both imports and exports in May, leading to an increased trade deficit [3] - The uncertainty surrounding the July 9 deadline for tariff negotiations is expected to cause further volatility in import and export data [4]