Core Viewpoint - The Hong Kong stock market is showing strong performance in the innovative drug sector, with significant price increases in related ETFs and stocks, driven by expectations of interest rate cuts by the Federal Reserve [1][3]. Group 1: Market Performance - The Hong Kong stock market opened higher on August 5, with the innovative drug ETF (520880) rising nearly 2% at one point and currently up 1.16%, indicating strong buying confidence [1]. - The Hang Seng Hong Kong Stock Connect Innovative Drug Select Index has increased by 101.58% year-to-date as of July 31, significantly outperforming the Hang Seng Index (23.50%) and the Hang Seng Tech Index (22.05%) by 78.08 and 79.53 percentage points, respectively [6]. - Individual stocks in the innovative drug sector have also shown strong gains, with notable increases such as Ascentage Pharma-B up nearly 5% and several others like Innovent Biologics and BeiGene rising over 3% [4]. Group 2: Economic Indicators - The U.S. non-farm payrolls increased by 73,000 in July, significantly below the expected 104,000, marking the smallest increase since October of the previous year, which has led to heightened expectations for interest rate cuts by the Federal Reserve [2][3]. - Goldman Sachs predicts that the Federal Reserve will begin a series of three consecutive 25 basis point rate cuts starting in September, with the possibility of a 50 basis point cut if unemployment rises further [3]. Group 3: Industry Outlook - The innovative drug sector is expected to benefit significantly from the anticipated interest rate cuts, as these stocks are sensitive to interest rate changes, prompting market participants to position themselves ahead of potential valuation increases for drug companies [3]. - CITIC Securities highlights that China's innovative drug development has made significant progress, and recent measures to support high-quality development in this sector will further enhance growth prospects [3].
美联储大消息,港股创新药应声走强,高人气520880上探近2%,机构:降息周期助力继续跑赢
Xin Lang Ji Jin·2025-08-05 02:20