Southbound funds net bought over HKD 25 billion this week, focusing on the Hang Seng Tech ETF and products like E Fund (513010) for their allocation value.

This week, Hong Kong stocks experienced volatility and divergence; pharmaceutical stocks led the gains, while technology and consumer stocks declined, and southbound funds net bought over HK$25 billion. At the index level, the CSI Hong Kong Stock Connect Pharma and Health Composite Index rose 3.1%, the Hang Seng Hong Kong Stock Connect New Economy Index fell 0.5%, the CSI Hong Kong Stock Connect Internet Index declined 1.7%, the Hang Seng Tech Index dropped 1.9%, and the CSI Hong Kong Stock Connect Consumer Thematic Index decreased by 4.4%. According to Wind data, as of yesterday, the Hang Seng Tech ETF by E Fund (513010, fund-of-funds A/C: 013308/013309) attracted more than RMB 2.0 billion in net inflows over the past month.

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