Periodic disturbances do not change the upward trend of Hong Kong stocks. The attractiveness of the technology sector allocation still exists.

Recently, Hong Kong stocks have significantly underperformed A-shares. Taking the Hang Seng Index as an example, data shows that as of the close of trading on August 19th, it has seen adjustments for four consecutive trading days, with a cumulative increase of 1.41% since August, lagging behind the 4.31% increase of the Shanghai Composite Index during the same period. The Hang Seng Index also underperformed the Shanghai Composite Index in July. Industry insiders believe that Hong Kong stocks are still in a volatile upward trend, with a solid bottom. In terms of investment, the technology sector of Hong Kong stocks benefiting from the AI cycle has greater resilience, and investment value is also seen in the dividend sector, new consumption, and innovative pharmaceuticals.