Hang Seng Index and Hang Seng Tech both open higher! First quarter southbound funds net inflow of 220.8 billion Hong Kong dollars

NightAirdropper · 2026-04-12T08:56:10+00:00

Hong Kong stocks opened higher after the holiday, with the Hang Seng Index and the Technology Index both rising, and tech stocks performing strongly. Southbound funds are flowing back into the Hong Kong stock market, although the scale is not as large as the same period last year, it remains an important support. After a six-month decline, the Hong Kong stock technology sector is now focusing on related targets, especially the Hong Kong Stock Connect Technology ETF, which is expected to attract incremental funds.

NightAirdropper

2026-04-12 08:56:10

Abstract generation in progress

On Wednesday, April 8, after the holiday, Hong Kong stocks will open. The Hang Seng Index opened up 2.61%, and the Hang Seng Tech Index rose 2.95%. Tech stocks strengthened across the board; JD Health rose by more than 14%, Huahong Semiconductor, SMIC, Bilibili, and BYD Electronics each rose by more than 6%, and SenseTime rose by more than 2%.

In the first quarter, southbound funds returned to the Hong Kong stock market, with a cumulative net inflow of over 2208 billion HKD. Compared with the fourth quarter of last year, the rebound trend was clearly evident. Although it is slightly lower than the 4000 billion scale during last year’s DeepSeek wave, amid an external environment full of uncertainty, it is also an important support force at the bottom of the Hong Kong stock market.

Due to the contraction of external liquidity and downward revisions to profit forecasts for heavyweight stocks, Hong Kong’s tech sector has pulled back from its high in October last year, continuing for six months, with a decline of nearly 35%. Whether in terms of the adjustment period or the adjustment magnitude, both have exceeded the mid-cycle adjustments in past bull markets. Against the backdrop of continuous net inflows from southbound funds and stronger pricing power in Hong Kong stocks, focus on stocks related to the Hong Kong Stock Connect. Hong Kong Stock Connect Tech ETFs such as Huaxia (159101.SZ) are expected to help absorb the benefits from incremental capital inflows.

The Hong Kong Stock Connect Tech ETF (159101.SZ) and its C share class (025806.OF) passively track the China Securities Index Hong Kong Stock Connect Tech Index. Compared with the Hang Seng Tech, Hong Kong Stock Connect Tech focuses on Hong Kong Stock Connect targets and covers a broader range of tech sectors, including internet + software applications + new energy vehicle makers + innovative drugs, among other Hong Kong-style featured assets. With the leading weights more concentrated (the weight cap for a single constituent stock is as high as 15%), the index gains sharper edge. As multiple sub-sectors such as internet, innovative drugs, and new energy vehicle makers bottom and rebound, the Hong Kong Stock Connect Tech Index is entering a period of synchronized upward movement.

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