ETF Abnormality | Southern Double Long Hangke rises over 3% as the earnings report window for US tech giants approaches; the recent irrational adjustment of the Hang Seng Index has been relatively sufficient
Southern Double Long Hangke rose over 3%, as of the time of writing, it rose 3.72%, reported at HKD 3.852, with a trading volume of HKD 876 million; the Hang Seng Tech Index rose nearly 2% at the close. The earnings reports of U.S. tech giants will dominate the trend of the Hang Seng Tech Index, with Microsoft, Amazon, Meta, and others set to release their earnings reports. Soochow Securities suggests focusing on value dividends and AI technology hardware, while Everbright Securities believes that the Hang Seng Tech Index has released short-term emotional risks, exhibiting characteristics of being oversold and undervalued, and is expected to welcome a rebound in the future
According to Zhitong Finance APP, the Southern Double Long Hangke (07226) has risen over 3%, currently up 3.72% at HKD 3.852, with a trading volume of HKD 876 million; the Hang Seng Tech Index rose nearly 2% towards the end of trading.
On the news front, the earnings report window for U.S. tech giants and the geopolitical game between the U.S. and Iran will jointly dominate the Hang Seng Tech's performance this week. The Chen Meng team from Soochow Securities stated that looking ahead to this week, several tech giants including Microsoft, Amazon, Meta, Alphabet, and Apple will release their earnings reports, combined with significant data such as the preliminary Q1 GDP and core PCE in the U.S., which will simultaneously release verification of tech fundamentals and macro data disturbances. The firm suggests focusing on value dividends as the core direction, with upstream hardware in AI technology seen as a value anchor, influenced by the earnings reports of U.S. tech stocks; it also recommends paying attention to new energy and innovative pharmaceuticals as globally scarce assets in China.
Everbright Securities pointed out that the current round of irrational adjustments in the Hang Seng Tech Index has sufficiently released short-term emotional risks, currently exhibiting characteristics of being oversold and undervalued, with funds accumulating against the trend, positive fundamentals in the AI industry, and imminent corporate buybacks. The sector has clear support, and the cost-effectiveness of allocation has significantly improved, forming a golden window for medium to long-term strategic allocation. This adjustment is merely an emotional fluctuation and has not reversed the fundamental trend; subsequent market sentiment recovery, the formation of incremental capital resonance, and the implementation of buybacks by leading companies are expected to bring about a phase of rebound in the index
