Hang Seng Tech ETF Gains Nearly 3% in Morning Session as Internet Giants Report Strong Q1 Results; AI Poised to Fuel Index Rebound

Stock News05-14

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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment