laitimes

Hong Kong tech stocks fell mostly, with the Hang Seng Technology Index down nearly 2 percent and Alibaba down more than 4 percent.

Tencent Securities reported on February 7 that most of the Hong Kong stock technology stocks fell, and the Hang Seng Technology Index fell nearly 2% to 5473 points.

On the market, Alibaba fell more than 4%, Kuaishou fell nearly 3%, Meituan fell more than 2%, and NetEase fell more than 1%.

Shenwan Hongyuan Hong Kong said that since the beginning of 2021, the Hang Seng Technology Index has fallen by about 30%, and the PS (TTM) is 2.78 times, significantly lower than the NASDAQ 100 and Kechuang 50. In November 2021, the overseas issuer system is expected to welcome more Chinese returns, and it is expected that the Internet and technology assets such as software and cloud in Hong Kong stocks will be further expanded. Judging from the 2022 TMT boom, the second half of the 5G cycle is optimistic about digital opportunities.

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