NewTimeSpace News: Hong Kong market sentiment warmed up today, with the Hang Seng Tech Index surging nearly 3% intraday. Driven by the OpenClaw hype, internet bellwethers such as Tencent and Alibaba have remained active recently, as institutions favor the commercialization of AI applications and the expansion of application scenarios. The Hang Seng Tech ETF (03032.HK) jumped over 2.5% in afternoon trading.

According to Hong Kong Exchanges and Clearing data, the Hang Seng Tech ETF (03032.HK) tracks the Hang Seng Tech Index, primarily investing in representative companies in Hong Kong's technology sector. The index covers 30 Hong Kong tech bellwethers, spanning both hardware and software technologies, with deep exposure to the upstream, midstream, and downstream of the AI industry chain. Among them, Alibaba, Tencent, Xiaomi, Meituan, SMIC, and BYD are poised to become the "Magnificent Seven" of Chinese tech stocks.

On the news front, Michael Burry, the renowned "Big Short" investor, recently posted on social media expressing his bullish view on the Hang Seng Tech Index, drawing market attention. Burry noted that while share prices of Hang Seng Tech constituents have plummeted over the past few years, these companies have continued to deliver steady revenue and profit growth. This extreme divergence between valuations and fundamentals, he argued, presents a historic investment opportunity.

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