SOUTHERN HENDERSON TECHNOLOGY EXCHANGE-TRADED OPEN-END INDEX SECURITIES INVESTMENT FUND (QDII) (520570) rose nearly 3% during the morning session. As of the latest update, it advanced 1.59% to 0.83 yuan, with a turnover of 34.4649 million yuan.
The positive movement follows strong first-quarter earnings reports from major internet companies. Alibaba (BABA) reported that AI-related revenue exceeded 30% of its total for the first time. Tencent posted a quarterly profit exceeding 58 billion yuan, a year-on-year increase of 21%. JD.com's performance also surpassed expectations.
Huachuang Securities previously noted that if core businesses such as cloud computing, advertising, e-commerce, and local services demonstrate stability, and AI investments begin to show clearer commercial signals in cloud revenue, advertising efficiency, and user payment conversion, the sector's rebound could evolve from a valuation recovery into a narrative reversal.
Soochow Securities believes the Hang Seng Tech Index will continue its corrective upward trend in May, with its historically low valuation providing a safety margin. Accelerated implementation of AI applications and policy dividends are seen as core supporting factors.
Public information indicates that SOUTHERN HENDERSON TECHNOLOGY EXCHANGE-TRADED OPEN-END INDEX SECURITIES INVESTMENT FUND (QDII) (520570; off-exchange linked Fund A: 020988; C: 020989) closely tracks the Hang Seng Tech Index, covering 30 large-cap, highly liquid technology companies listed in Hong Kong.
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