On the afternoon of the 27th, both A-shares and Hong Kong stocks experienced a sudden surge, with hard-tech sectors in Hong Kong leading the charge. The market's only Hong Kong Connect Information Technology ETF (159131) saw a strong reversal, climbing 1.13% and breaking above its 5-day moving average. During recent volatile sessions, funds have continued to flow in during dips, with the ETF attracting a total of 60.81 million yuan over the past five trading days.
Regarding the broader Hong Kong market, Cinda Securities analysis suggests that geopolitical tensions may fluctuate again. Current mainland policies remain in a wait-and-see mode, and corporate profits could face short-term challenges from rising commodity prices and freight costs. Additionally, the absence of stable northbound capital inflows may constrain the upside potential for Hong Kong stocks.
In the semiconductor supply chain, Galaxy Securities points out that computing power demand and capital investment are rising together, pushing the industry into a high-growth expansion phase. Demand for computing power is quickly transmitting across all segments of the supply chain, with significant earnings growth seen in chipmakers, foundries, and server manufacturers. Cloud providers are raising computing power prices, reflecting tightening supply and demand conditions. The AI industry has entered an intense expansion cycle characterized by "demand explosion—price transmission—capital reinforcement."
According to a GF Securities research report, market expectations for 2026 interest rate cuts have been revised down to zero due to U.S.-Iran tensions. However, this assessment is based on short-term, uncontrollable geopolitical factors. Once these disturbances are digested, previously suppressed valuations could see a recovery, potentially creating phased bargain-hunting opportunities.
Targeting the super-cycle in Hong Kong semiconductor stocks! The Hong Kong Connect Information Technology ETF (159131) is the market's first ETF focused exclusively on the Hong Kong semiconductor supply chain and supports T+0 trading. Its corresponding feeder fund code is 026755. The underlying index consists of "70% hardware + 30% software," heavily weighted toward Hong Kong-listed semiconductor, electronics, and computer software companies. It covers 45 hard-tech firms in Hong Kong, with
Source: China Securities Index Company, Shanghai and Shenzhen Stock Exchanges.
Note: "The market's only" refers to the fact that the Hong Kong Connect Information Technology ETF (159131) is currently the only listed and tradable ETF tracking the CSI Hong Kong Connect Information Technology Composite Index.
Fee Explanation: Subscription and redemption agents for the Hong Kong Information Technology ETF may charge a commission of up to 0.5%. On-market trading fees are subject to the rates set by securities firms. No sales service fee is charged.
*Institutional views sourced from: Cinda Securities "Outlook for Chinese and Hong Kong Stock Markets and External Conditions"; GF Securities "Morning Express | When Will Hong Kong Stocks Exhaust Negative Factors?"; Galaxy Securities "GTC 2026 Highlights: AI Shifts from Chip Competition to System Competition—Digital Economy Weekly Report (Issue 7, 2026)"; Huatai Securities "Hong Kong Stock Strategy: Maintain Low Positions in Hong Kong Stocks."
Risk Disclosure: The Hong Kong Connect Information Technology ETF (159131) and its feeder fund passively track the CSI Hong Kong Connect Information Technology Composite Index, which has a base date of November 14, 2014, and was launched on June 23, 2017. The index constituents mentioned are for illustrative purposes only; individual stock descriptions do not constitute investment advice of any form and do not represent the holdings or trading动向 of any fund managed by the fund manager. This product is issued and managed by HuaBao Fund. Distributors are not responsible for the investment, redemption, or risk management of the product. Investors should carefully read the "Fund Contract," "Prospectus," and "Fund Product Summary" to understand the fund's risk-return characteristics and select products that match their risk tolerance. Past performance is not indicative of future results. The performance of other funds managed by the fund manager does not guarantee the performance of this fund. Investment in funds carries risks. The fund manager assesses this fund's risk level as R4—moderately high risk, suitable for aggressive (C4) and above investors. Distributors (including the fund manager's direct sales channels and other distributors) evaluate the fund's risk according to relevant laws and regulations. Investors should pay attention to the appropriateness opinions provided by distributors and base their decisions on the matching results. Appropriateness opinions may vary among distributors, and the risk assessment results provided by distributors shall not be lower than those assessed by the fund manager. Differences may exist between the fund's risk-return characteristics as described in the fund contract and its risk level due to different consideration factors. Investors should understand the fund's risk-return profile and choose fund products cautiously based on their investment objectives, horizon, experience, and risk tolerance, bearing their own risks. The China Securities Regulatory Commission's registration of this fund does not indicate a substantive judgment or guarantee of its investment value, market prospects, or returns. Funds carry risks; invest with caution.
MACD golden cross signals have formed, indicating positive momentum for these stocks!
