According to a research report by Huatai Securities, the domestic advancement of artificial intelligence (AI) has picked up pace once again, fueling a swift rebound in technology stocks listed in Hong Kong. Since their July lows, both the Hang Seng Tech Index and the Hang Seng Hong Kong-listed Tech Index have witnessed a cumulative increase of nearly 20%. Huatai Securities had earlier forecasted that the technology sector would spearhead the third wave of revaluation for Hong Kong stocks. Presently, adverse factors like anticipated competition in the food delivery sector have been largely absorbed. Meanwhile, expectations are high for accelerated development in AI models, chip procurement, and capital expenditures. Looking forward, with the Federal Reserve initiating a new round of easing measures and internet technology making fresh strides, investor sentiment in the Hong Kong stock market is poised for further enhancement. Consequently, the technology sector continues to present significant strategic positioning value.
