On December 22, 2023, affected by Tencent Holdings, NetEase and other heavyweight technology and Internet stocks**, the Hang Seng Technology Index fell by more than 4%, and its valuation also fell to 1647 times, the lowest since January 2010, compared with other Hong Kong stock indexes are also in a relatively more "undervalued" position.
At the same time, there has been a small upsurge in the recent buybacks of Hong Kong-listed companies. Judging from the specific data, the amount of Hong Kong stock repurchases in the past three months has been more than HK$10 billionTencent, which fell more than 12% on Friday, repurchased HK$1 billion on the same day. Huaxi** pointed out that as far as the information technology industry index is concerned, before the highs of the two indexes in January 2018 and December 2020, they were accompanied by an increase in the amount of industry buybacks. Since May 2023, the amount of industry buybacks has been at a high level, but the information technology industry index has performed poorly, which may indicate that the information technology industry is expected to usher in a phased phase in this round of continuous buybacks**.
On the whole, funds still maintained a net inflow trend into many Hang Seng Technology ETFs**. Cinda** recently pointed out that after excluding the rise and fall of the index, the net inflow of overseas ETF funds in the past month was 1107.3 billion yuan, with a net inflow of 21.5 billion yuan in the past three months4.8 billion yuan, with more net inflows in the past month and past three months, are mainly Hang Seng Technology-related ETFs, including Hang Seng TECH Index ETF (513180).
The content and data are for reference only and do not constitute investment advice. AI technology strategy is provided for Youlian Cloud.