降息预期降温，港股关键指数低开，恒生医药逆势上涨

Group 1 - The Federal Reserve's decision to maintain current interest rates aligns with market expectations, but the continued cooling of rate cut expectations for September has caused significant market disturbances [1] - The Hong Kong stock market experienced a substantial pullback this week, with the Hang Seng Index opening lower and dropping over 1% during the day [1] - The Hang Seng Technology Index ETF and the Hang Seng Internet ETF have seen consecutive days of adjustment, indicating a bearish trend in these sectors [1] Group 2 - The Hong Kong pharmaceutical sector has shown resilience, with the Hang Seng Pharmaceutical ETF rising over 2% during the day and reaching multiple recent highs [1] - Innovative drugs have emerged as a recognized market focus, attracting continuous inflows of capital [1] - WuXi AppTec's half-year performance exceeded expectations, boosting market confidence [1] - The implementation of childcare subsidy policies has further supported the vaccine-related industry [1]