Global markets rebounded on April 8 following a temporary two-week ceasefire agreement between the US and Iran, with Hong Kong stocks gapping higher in a strong rally. The Hang Seng Tech Index surged 5.22%! The core AI tool for Hong Kong stocks—Huabao Fund's HK Internet ETF (513770)—jumped 6.3%, marking its largest single-day gain since October 2024, with full-day turnover reaching 10 billion yuan, a near one-and-a-half-month high.
Notably, during the afternoon surge, the premium for 513770 widened, indicating particularly strong buying interest. On the last trading day before the holiday (April 2), the ETF's price had hit a nearly one-year low. The current rebound from the阶段性底部 on heavy volume may signal an inflection point.
Heavyweight leaders rose sharply across the board: Tencent Holdings gained 3.84%, Alibaba-W saw an afternoon spike of nearly 8% before closing up 6.75%, Xiaomi Group-W also surged 6%, and Meituan-W soared over 10%!
On the news front, industry giant Alibaba received two major positive developments: First, Alibaba's latest financial guidance indicated: In Q4 FY26, instant retail losses amounted to over 10 billion; for FY27 versus FY26, the QC target is to halve losses. Alibaba Cloud grew 40% year-over-year in Q1. Huabao HK Internet ETF (513770) fund manager Cao Xuchen promptly interpreted: Alibaba's food delivery losses are projected to be cut in half this year. Cloud business growth exceeding 40% marks a historic first! Second, an unidentified model named "Happy Horse" unexpectedly topped the rankings on AI video evaluation platform Artificial Analysis, surpassing Seedance 2.0! Industry speculation widely suggests it likely originates from a Chinese team, with some market participants guessing it may be from Alibaba's Tongyi Lab.
Cao Xuchen highlighted that as earnings recovery gains validation, coupled with strengthening AI narratives and accelerating AI commercialization, the fundamentals of Hong Kong internet stocks are expected to gradually improve starting in the second quarter. Current bottom-level配置价值 is particularly prominent. Data shows the underlying index of Huabao HK Internet ETF (513770) currently has a trailing P/E ratio of just 22 times, near the 10.34% percentile of its five-year historical range—a historically low level.
Seize the opportunities in 2026, the inaugural year of AI commercialization, by focusing on core AI tools for Hong Kong stocks. HK Internet ETF (513770) and its feeder funds (Class A 017125; Class C 017126) passively track the CSI HK Stock Connect Internet Index. Their top ten holdings include tech giants like Alibaba-W and Tencent Holdings, alongside AI application companies across various sectors, offering significant龙头优势 with intraday T+0 trading and strong liquidity.
A golden crossover MACD signal has formed, indicating positive momentum for these stocks.