Hang Seng Technology and Hang Seng Internet fluctuate and rebound, with contrarian bottom-fishing funds beginning to see initial gains

NightAirdropper · 2026-02-27T19:11:34+00:00

On February 27th, the Hang Seng Technology and Internet Index rebounded, rising over 1%. Several ETFs experienced large net inflows, and the "bottom-fishing" by funds is beginning to show results. Alibaba, Tencent, and Meituan rose slightly, and Baidu's earnings report boosted confidence. Current valuations are at their lowest levels in nearly ten years.

NightAirdropper

2026-02-27 19:11:34

Abstract generation in progress

On the morning of February 27, the Hang Seng Technology and Hang Seng Internet two major Hong Kong stock technology flagship indices rebounded with volatility, rising over 1% in half a day. The Hang Seng Technology Index ETF (513180.SH) and Hang Seng Internet ETF (513330.SH) have respectively received net large subscriptions of over 2.9 billion yuan and 2.1 billion yuan in the past five days, signaling that “bottom-fishing” funds are starting to see some success.

Regarding constituent stocks, Alibaba-W, Tencent Holdings, and Meituan-W saw slight increases. On the news front, Baidu Group’s latest financial report boosted market confidence, with AI business revenue surpassing 40%.

As of now, the valuations of the Hang Seng Technology and Hang Seng Internet indices are 21 times and 20 times earnings, respectively, placing them in the 21st and 15th percentiles over the past ten years.

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