Hang Seng Technology fell more than 3%! Can Hong Kong stocks still be invested?

On October 13, the Hong Kong stock market fell in shock. As of 13:53 p.m., the Hang Seng Technology Index fell 3.58%; In terms of constituent stocks, JD fell more than 12%, Bilibili and Baidu fell more than 5%, and Alibaba and Xiaopeng Auto fell more than 3%.

On the news side, the latest data released by the National Bureau of Statistics shows that in September, the national consumer price (CPI) was flat year on year, up 0.2% month on month; The producer price index (PPI) of industrial producers across the country fell 2.5% year on year and rose 0.4% month on month. Influenced by investors' expectations of domestic economic recovery, the Hong Kong stock market weakened in shock.

However, in the long run, the fundamentals and policies faced by the Hong Kong stock market are undoubtedly undergoing positive changes. For example, from the holding of the blockbuster meeting in July to "stabilize growth and promote domestic demand", to the relaxation of the real estate industry at the end of August, to the mid quarter, the performance of Ali, Tencent, Meituan and other major manufacturers generally exceeded expectations, and the high-frequency indicators of the domestic service industry were significantly stabilized during the summer vacation and National Day. Considering that Hang Seng Technology includes a large number of consumption (e-commerce) and advertising platforms closely related to the macro-economy, and involves new energy vehicles, electronics, cultural tourism and other segments of the track, these positive signals will support the fundamentals of Hang Seng Technology.

Hang Seng Technology is currently in the "triple bottom" range of low valuation, low sentiment and low policy bottom, and still has a fairly clear allocation cost performance ratio; And once the shackles of overseas liquidity are loosened, the continued recovery of fundamentals may open the space for further upward movement of the index. OTC investors who want to lay out Hong Kong stocks can actively increase their positions and lay out through Tianhong Hang Seng Technology Index (A: 012348, C: 012349).

key word: Hang Seng Technology Hong Kong shares Low order index