On December 4, as of 9:42 AM, the Hong Kong IT ETF (159131) showed steady performance during intraday trading, with its price rising by 0.7%.
Among its constituent stocks, Ubtech Robotics, Q-Tech, and Innoscience performed strongly, gaining 2.47%, 1.5%, and 1.43%, respectively. On the other hand, Fubo Group, Chinasoft International, and Kingdee International were relatively weak, declining by 0.87%, 0.78%, and 0.46%.
Key developments include Semiconductor Manufacturing International Corporation (SMIC) announcing the completion of equipment installation and debugging for its 12-inch wafer fab expansion project by the end of November, with production expected to begin in Q1 2026. Meanwhile, XIAOMI-W unveiled its next-generation bionic robot on November 30, featuring self-developed AI models and achieving commercial mass production.
Everbright Securities noted that Hong Kong stocks maintain strong profitability, with relatively scarce assets in internet, new consumption, and biotech sectors. Despite months of gains, valuations remain low, offering long-term investment appeal. Against the backdrop of AI industry trends and potential Fed rate cuts in December, Hong Kong stocks may continue their upward trajectory. The firm recommends a "barbell strategy" focusing on tech growth (e.g., semiconductors, advanced manufacturing) and high-dividend sectors (e.g., utilities, communications).
The Hong Kong IT ETF (159131) passively tracks the Hang Seng Stock Connect Information Technology (HKD) Index, whose top holdings include SMIC, XIAOMI-W, Lenovo Group, SenseTime-W, Hua Hong Semiconductor, Kingdee International, Sunny Optical, Ubtech Robotics, Meitu, and BYD Electronic.
Data sources include the Shanghai and Shenzhen stock exchanges and public disclosures.
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