From the analysis of the Hang Seng Science and Technology Index, the K-line high point is suppressed by the annual line, which is basically the neckline position, and there is no amount that can break through the risk of callback. Tencent, JD.COM, Meituan, FMCG, Ali, Baidu and other major constituent stocks all rebounded by more than 50%, with huge short-term gains. The demand for bargain-hunting funds also indicates that there is a callback risk in the short term.

Since June 165438+ 10, Hong Kong stocks have sounded the horn of rebound. As of the close of 65438+February 9, the Hang Seng Technology Index (HSTECH. HI) rose by 60.62%. At present, there are about 20 funds tracking the Hang Seng Technology Index in the market. Due to the different time of establishment, the performance since its establishment is not the same. Take the first batch of Hang Seng Technology ETFs established in May last year as an example. However, due to the large decline before, the floating losses of these Hang Seng Technology ETFs since their establishment are still above -40%.

Yang Delong, chief economist of Qianhai Open Source Fund, said that the surge in Hong Kong stocks was mainly related to the recent rebound in US stocks. The recent US PPI data released by the United States is lower than expected, further easing inflationary pressure, and the factors that restrict risk appetite have changed. Superimposed epidemic prevention and control optimization and stable growth policy overweight, the domestic economy is expected to improve strongly, and the fundamentals of Hong Kong stocks dominated by China Stock Exchange ushered in an inflection point. The Hong Kong stock market has shown a very obvious low valuation and investment cost performance ratio, and the long-term investment value is significant. From the perspective of medium and long-term investment, now is a good time to lay out the technology sector of Hong Kong stocks.