Da Xin Bank: Technology stocks further boost Hong Kong stocks, Hang Seng Index expected to receive strong support at 20000 points.

The Economic Research and Investment Strategy Department of Dah Sing Bank has published the latest stock market strategy analysis. Whether the development of artificial intelligence models in mainland China coupled with breakthroughs in semiconductor core technology can evolve into sustainable profit growth drivers remains to be seen. If the development and application of artificial intelligence are further implemented, the Hang Seng Index is expected to challenge the high of 25,000 points in 2022; the 20,000 point mark is expected to have significant support. The performance of artificial intelligence models is ideal, and related applications are rapidly being implemented, driving the information technology sector to rise by 10.3% last week, continuing to lead gains in the Hong Kong stock market. The breakthrough brought by the artificial intelligence model DeepSeek, with various industries gradually adopting and applying it, is expected to further enhance productivity, while boosting the prospects of related industries such as cloud computing, data centers, semiconductors, hardware, and robotics technology. Dah Sing maintains a positive view on the information technology industry, expecting the industry to benefit from the breakthrough development of artificial intelligence models, boosting the prospects of cloud computing, data centers, and related industries.