On February 19th, the Hang Seng Technology Index has risen by over 33% since its mid January low. From “short-term game” to “long-term allocation”, from cautious optimism to casting a “vote of confidence”, from staying put to quietly bottom fishing, the investment logic of foreign capital in Hong Kong stocks has shifted from trading opportunities to strategic layout. On the one hand, policy dividends and technological breakthroughs drive global capital reassessment. Goldman Sachs, BlackRock, UBS, and others believe that Chinese technology assets are expected to move from a “value depression” to an “innovation highland”. On the other hand, the overheated trading in the Hong Kong stock market and the high point of the index stage have invisibly increased market pressure. The interviewees believe that AI applications will help expand the profit space of Chinese technology stocks, and Hong Kong stock Internet companies may usher in structural opportunities. After the sharp rise of technology stocks, there is a risk of short-term correction. The following key factors to be observed include the evolution of the international geopolitical situation, the profitability of Internet companies, the trend of the Federal Reserve’s interest rate, etc. (Shanghai Stock News)
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