Group 1 - The Hong Kong stock market's technology sector is experiencing a downturn, with the Hang Seng Technology ETF (520980) declining by 0.45% for the fourth consecutive day, despite a significant increase in trading volume to nearly 600 million HKD [1] - The Hang Seng Technology ETF (513260) saw a drop of 0.43%, reaching a year-to-date low, but managed to attract over 51 million HKD in inflows over the past two days, with its latest financing balance exceeding 140 million HKD and total fund size surpassing 7.2 billion HKD [3] - There are rumors regarding potential increases in VAT rates for the gaming and financial sectors, which have been deemed unsubstantiated by experts, indicating that the current VAT rates for these industries are stable and will not change significantly [5] Group 2 - Major technology stocks in Hong Kong mostly closed lower, with Kuaishou down over 4%, Tencent and SMIC down over 2%, while Huahong Semiconductor rose over 4% [6] - The Hang Seng Technology Index includes major companies like JD.com, Baidu, and NetEase, providing a comprehensive representation of top-tier technology assets in China [14] - Analysts suggest that the recent nomination of the Federal Reserve Chair may lead to increased volatility in the Hong Kong stock market, particularly affecting sectors that previously performed well [8][9]