Hong Kong stocks fluctuate and show divergence. Here is the basic information about the ETF under E Fund that tracks the Hong Kong Stock New Economy Index.

NightAirdropper · 2026-04-06T20:39:12+00:00

On April 2nd, the Hong Kong stock market experienced a volatile divergence, with technology stocks falling across the board, while the healthcare and consumer sectors rose against the trend. The Hang Seng Tech Index dropped 1.6%, while the CSI Hong Kong Stock Connect Healthcare & Medical Index rose 1.0%. Investors should exercise caution and pay attention to market risks.

NightAirdropper

2026-04-06 20:39:12

Abstract generation in progress

On April 2, the Hong Kong stock market saw a distinctly volatile and split trading session. The technology and growth segment faced collective pressure, while the pharma and consumer sectors strengthened against the trend. By the close, the Hang Seng China Enterprises—Hong Kong Stock Connect Medical and Health Composite Index rose 1.0%, and the Hang Seng China Enterprises—Hong Kong Stock Connect Consumer Theme Index edged up 0.1%; the Hang Seng Hong Kong Stock Connect New Economy Index fell 1.4%, the Hang Seng Tech Index fell 1.6%, the Hang Seng China Enterprises—Hong Kong Stock Connect Internet Index dropped 2.3%, and the technology and pharma consumption styles showed a clear divergence. Wind data shows that as of yesterday, the Hang Seng Tech ETF from E Fund (513010, feeder fund A/C: 013308/013309) attracted over 2.4 billion yuan in net inflows over the past month.

Judging from index characteristics and the index compilation logic (data source: Wind, as of April 2, 2026):

Hang Seng Tech Index: Down 1.6% on the day, with a trailing price-to-earnings (P/E) ratio of 22.0x; since its release in 2020, its valuation percentile has been 23.6%. The index consists of 30 Hong Kong-listed technology sector leading companies, with information technology and discretionary consumer accounting for more than 90%.

Hang Seng China Enterprises—Hong Kong Stock Connect Internet Index: Down 2.3% on the day, with a trailing P/E ratio of 22.5x; since its release in 2021, its valuation percentile has been 13.7%. The index consists of 30 Hong Kong Stock Connect internet leaders, covering the entire internet industry chain, with a prominent valuation safety margin.

Hang Seng Hong Kong Stock Connect New Economy Index: Down 1.4% on the day, with a trailing P/E ratio of 24.5x; since its release in 2018, its valuation percentile has been 52.8%.

Hang Seng China Enterprises—Hong Kong Stock Connect Medical and Health Composite Index: Up 1.0% on the day, with a trailing P/E ratio of 45.4x; since its release in 2017, its valuation percentile has been 64.0%.

Hang Seng China Enterprises—Hong Kong Stock Connect Consumer Theme Index: Up 0.1% on the day, with a trailing P/E ratio of 15.7x; since its release in 2020, its valuation percentile has been 0.3%.

For the basic information of the ETF under E Fund that tracks the Hang Seng China Enterprises—Hong Kong Stock Connect New Economy Index, see the chart below.

Risk warning: Funds involve risks; invest with caution.

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