港股晨报 港股回顾 点，跌幅随即扩大至 247 点，低见 23730 点，其后跌幅 一度收窄至仅 20 点，午后大盘走势偏软，尾盘沽压再 度扩大。截至收盘，恒指收报 23831 点，下跌 145 点或 0.61%；国指收报 9656 点，下跌 47 点或 0.49%，大市 成交进一步减至 827.99 亿。港股通录得净流入资金 4.84 亿，其中港股通(沪)净流入 2.83 亿，港股通(深)净 流入 2.01 亿。板块方面，本地地产、软件、5G 概念板 块跌幅靠前；黄金股逆市走强。 晨报近日提示积极布局，周一港股股指单边大 涨，其中恒生指数收涨 1.97%，报 25716.5 点； 恒生科技指数飙升 2.78%，报 5545.56 点；恒生 中国企业指数上涨 1.79%，报 9079.42 点。市场 成交额 3026.42 亿港元，南向资金净买入 85.71 亿港元。恒生指数成分股中 79 只上涨，9 只下 跌。其中快手-W 大涨 7.11%，AI 可灵赋能公司主 业加速商业化变现，三季度电商 GMV 表现亮眼； 网易-S 上涨 5.87%。 美股市场 1. 周一美国三大股指全线收涨，道指涨 0.44%报 4 ...

港股晨报 港股回顾 点，跌幅随即扩大至 247 点，低见 23730 点，其后跌幅 一度收窄至仅 20 点，午后大盘走势偏软，尾盘沽压再 度扩大。截至收盘，恒指收报 23831 点，下跌 145 点或 0.61%；国指收报 9656 点，下跌 47 点或 0.49%，大市 成交进一步减至 827.99 亿。港股通录得净流入资金 4.84 亿，其中港股通(沪)净流入 2.83 亿，港股通(深)净 流入 2.01 亿。板块方面，本地地产、软件、5G 概念板 块跌幅靠前；黄金股逆市走强。 上周五港股股指单边大跌，恒生指数收跌 2.38%，报 25220.02 点；恒生科技指数重挫 3.21%；恒生中国企业指数下跌 2.45%。市场成交 额 2857.02 亿港元，南向资金净买入 1.05 亿港 元。恒生指数成分股中 4 只上涨，83 只下跌。京 东健康大跌 8.6%，受科技股抛售及半导体需求担 忧拖累；信义光能下跌 7.51%。涨幅方面，龙湖 集团上涨 1.43%；小米集团上涨 1.01%，公司前日 斥资 5.08 亿港元回购 1350 万股股份。 美股市场 1. 上周五美股三大指数集体收涨，其中道琼斯指数 涨 1 ...

港股晨报 港股回顾 点，跌幅随即扩大至 247 点，低见 23730 点，其后跌幅 一度收窄至仅 20 点，午后大盘走势偏软，尾盘沽压再 度扩大。截至收盘，恒指收报 23831 点，下跌 145 点或 0.61%；国指收报 9656 点，下跌 47 点或 0.49%，大市 成交进一步减至 827.99 亿。港股通录得净流入资金 4.84 亿，其中港股通(沪)净流入 2.83 亿，港股通(深)净 流入 2.01 亿。板块方面，本地地产、软件、5G 概念板 块跌幅靠前；黄金股逆市走强。 周四港股窄幅整理，恒生指数收盘涨 0.02%，报 25835.57 点；恒生科技指数下跌 0.58%，报 5574.59 点；恒生中国企业指数微跌 0.08%，报 9143.34 点。市场成交额 2451.36 亿港元，南向 资金大举净买入 159.92 亿港元。银行、地产走 强，半导体、汽车走弱。恒生指数成分股中，创 科实业主力上涨 5.4%，李宁上涨 4%，领展房产基 金下挫 6.4%，携程集团下跌 3.6%。 资料来源:WIND 如此报告被平安证券(香港)以外其他金融机构转发，该金融机构将独自承担其转发报告的责任。如该金融机 ...

港股晨报 港股回顾 点，跌幅随即扩大至 247 点，低见 23730 点，其后跌幅 一度收窄至仅 20 点，午后大盘走势偏软，尾盘沽压再 度扩大。截至收盘，恒指收报 23831 点，下跌 145 点或 0.61%；国指收报 9656 点，下跌 47 点或 0.49%，大市 成交进一步减至 827.99 亿。港股通录得净流入资金 4.84 亿，其中港股通(沪)净流入 2.83 亿，港股通(深)净 流入 2.01 亿。板块方面，本地地产、软件、5G 概念板 块跌幅靠前；黄金股逆市走强。 周三港股股指震荡走低，恒生指数收跌 0.38%， 报 25830.65 点；恒生科技指数下跌 0.69%；恒生 中国企业指数下跌 0.26%。市场成交额 2114.26 亿港元，南向资金净买入 65.91 亿港元。恒生指 数成分股中 34 只上涨，53 只下跌。跌幅方面， 小米集团下跌 4.8%，市场对其智能手机和汽车业 务增长持续性存疑；创科实业下跌 2.8%；理想汽 车下跌 2.6%。 | 港股回顾 五震荡走低，险守二十天线。恒指随外围低开 132 | | | | | | | | | | | --- | --- | --- | ...

Market Overview - The Hong Kong stock market experienced a decline, with the Hang Seng Index closing at 23,831 points, down 145 points or 0.61% [1] - The market turnover decreased to 82.799 billion, with net inflows of 484 million in the Hong Kong Stock Connect [1] - The US stock market also saw declines, with the Dow Jones down 1.07% and the S&P 500 down 0.83%, marking the fourth consecutive day of losses for both indices [2] Industry Insights - The report highlights the potential for investment in undervalued sectors, particularly in local real estate, software, and 5G concepts, which have shown significant declines [1] - The report emphasizes the importance of self-reliance in technology as a core theme for future growth in the Hong Kong market, suggesting that leading companies in AI, semiconductors, and industrial software may present long-term opportunities [3] - The automotive industry, particularly in electric vehicles, is noted for its rapid growth, with a significant increase in exports of new energy vehicles, which rose by 99.9% year-on-year [9] Company Highlights - Baidu Group is recognized for its advancements in AI and smart driving, with a reported revenue of 32.713 billion yuan in Q2 2025, despite a year-on-year decline of 3.59% [10] - Xiaomi Group reported a non-IFRS net profit increase of 80.9% year-on-year to 11.31 billion yuan in Q3 2025, exceeding expectations [11] - Xpeng Motors experienced a significant drop of over 10% in stock price, reflecting challenges in the electric vehicle sector [1][16]

港股晨报 港股回顾 点，跌幅随即扩大至 247 点，低见 23730 点，其后跌幅 一度收窄至仅 20 点，午后大盘走势偏软，尾盘沽压再 度扩大。截至收盘，恒指收报 23831 点，下跌 145 点或 0.61%；国指收报 9656 点，下跌 47 点或 0.49%，大市 成交进一步减至 827.99 亿。港股通录得净流入资金 4.84 亿，其中港股通(沪)净流入 2.83 亿，港股通(深)净 流入 2.01 亿。板块方面，本地地产、软件、5G 概念板 块跌幅靠前；黄金股逆市走强。 周一港股股指震荡走低，恒生指数收跌 0.71%， 报 26384.28 点；恒生科技指数下跌 0.96%；恒生 中国企业指数下跌 0.74%。市场成交 2176.13 亿 港元，南向资金净买入 84.48 亿港元。电气设 备、医药生物、有色金属、化工、银行板块表现 不振，软件服务、大消费、煤炭、房地产板块走 强。其中中国软件国际（0354.HK)周一收涨 4.40%。 美股市场 1. 市场本周关注本周四亦将公布 9 月非农就业报 告，以及英伟达(NVDA.US)季绩，受科技板块再度 受压拖累，美股周一下跌。道指一收跌 1.2%至 ...

港股晨报 港股回顾 点，跌幅随即扩大至 247 点，低见 23730 点，其后跌幅 一度收窄至仅 20 点，午后大盘走势偏软，尾盘沽压再 度扩大。截至收盘，恒指收报 23831 点，下跌 145 点或 0.61%；国指收报 9656 点，下跌 47 点或 0.49%，大市 成交进一步减至 827.99 亿。港股通录得净流入资金 4.84 亿，其中港股通(沪)净流入 2.83 亿，港股通(深)净 流入 2.01 亿。板块方面，本地地产、软件、5G 概念板 块跌幅靠前；黄金股逆市走强。 受到前晚外盘表现不佳的不利影响，上周五港股 低开低走，恒生指数收跌 1.85%报 26572.46 点， 结束 4 日连涨，恒生科技指数跌 2.82%，恒生中 国企业指数跌 2.09%。市场成交额 2327.88 亿港 元，南向资金净买入 128.87 亿港元。科技股领 跌，百度集团-SW 跌逾 7%。资源股回调，中国宏 桥跌近 4%。涨幅方面，京东健康上涨 6.59%， 2025 年第三季度经营盈利同比增超 1.25 倍，翰 森制药上涨 2.18%。 1. 美股上周五收盘涨跌不一。道指跌 0.65%，报 47147.48 点；纳 ...

Market Overview - The Hong Kong stock market experienced fluctuations, with the Hang Seng Index closing at 23,831 points, down 145 points or 0.61% [1] - The market turnover decreased to 82.799 billion HKD, with net inflows of 484 million HKD recorded in the Hong Kong Stock Connect [1] - The US stock market saw significant declines, with the Dow Jones dropping 1.7% to 47,457 points and the Nasdaq Composite falling 2.3% to 22,870 points [2] Company Highlights - Alibaba's stock rose over 3% amid reports of its secret project "Qwen," which aims to compete with ChatGPT [1] - Ganfeng Lithium surged over 12%, and 3SBio increased by more than 10%, indicating strong performance in the resource and pharmaceutical sectors [1] - Tencent reported an 18% year-on-year increase in adjusted net profit for the third quarter [11] Industry Insights - The report emphasizes the importance of technological self-reliance, particularly in sectors such as artificial intelligence, semiconductors, and industrial software [3] - The global patent application volume is expected to rise, with China leading at 1.8 million applications, highlighting the growth potential in hard technology sectors [8] - The report suggests focusing on companies with low valuations and high dividends, particularly state-owned enterprises and those benefiting from anticipated interest rate cuts [3] Investment Recommendations - The report recommends continued attention to sectors such as artificial intelligence, semiconductors, and resource companies benefiting from favorable market conditions [3] - Specific companies to watch include ZTE Corporation, Baidu, and Alibaba, which are positioned to leverage advancements in AI and cloud computing [8]

Market Overview - The Hong Kong stock market experienced fluctuations, with the Hang Seng Index closing at 23,831 points, down 145 points or 0.61% [1] - The market saw a net inflow of funds through the Hong Kong Stock Connect, totaling 484 million, with 283 million from Shanghai and 201 million from Shenzhen [1] - The US stock market showed mixed performance, with the Dow Jones Industrial Average closing above 48,000 points for the first time, driven by gains in major bank stocks [2] Real Estate Sector - The Hong Kong real estate sector has shown strong performance, with New World Development's new project pricing 29% higher than the previous phase [3] - Hong Kong property prices have rebounded by 4% from their lows, benefiting from strong rental demand and easing sales pressure [3] - The report emphasizes the potential for local real estate developers to capitalize on these trends [3] Technology Sector - The report highlights the importance of self-reliance in technology as a core theme for future Hong Kong stock performance, particularly in AI, semiconductors, and industrial software [3] - Companies in the technology sector are expected to present new investment opportunities following recent volatility [3] Investment Recommendations - The report suggests focusing on sectors with undervalued companies and high dividend yields, particularly state-owned enterprises [3] - It also recommends monitoring upstream non-ferrous metals companies that may benefit from anticipated interest rate cuts by the Federal Reserve [3] - The report encourages attention to companies benefiting from AI integration across various industries [3] Key Company Performances - New World Development's stock has shown significant gains, with a notable increase in its project pricing [3] - The report mentions specific companies like ZTE Corporation and China Communications Services as leaders in computing power construction [9] - The report also highlights the performance of various stocks, including those in the technology and real estate sectors, indicating a mixed performance trend [15]

Market Overview - The Hong Kong stock market experienced fluctuations, with the Hang Seng Index closing at 23,831 points, down 145 points or 0.61% [1] - The US stock market showed mixed results, with the Dow Jones rising 1.18% to 47,927.96 points, while the Nasdaq fell 0.25% [2] - The market is seeing a shift in investor focus from technology stocks to sectors with lower valuations [2] Industry Insights - The Chinese automotive industry continues to show strong growth in the new energy vehicle sector, with October sales exceeding 50% of total new car sales for the first time, reaching 51.6% [9] - Exports of new energy vehicles reached 2.014 million units, a year-on-year increase of 90.4% [9] - The report highlights the importance of AI and semiconductor sectors, suggesting that leading companies in these areas may see long-term growth opportunities [3] Company Highlights - China National Pharmaceutical Group saw a 4.0% increase in stock price, driven by positive outlooks on its pharmaceutical distribution business [1] - China Resources Mixc Lifestyle Services rose 3.9%, benefiting from expectations of a recovery in commercial real estate [1] - CoreWeave's stock plummeted 126.3% due to disappointing earnings guidance, impacting AI-related stocks [2] - Nvidia's stock fell 3% after SoftBank sold its entire stake, cashing out $5.8 billion [2] Recommendations - The report suggests focusing on companies in the AI, semiconductor, and industrial software sectors, as well as state-owned enterprises with lower valuations and higher dividends [3] - Companies benefiting from anticipated Federal Reserve interest rate cuts and strong mid-term earnings in the upstream non-ferrous metals sector are also recommended for attention [3] - The report emphasizes the potential of companies involved in AI applications and the broader tech sector [3]