美联储降息预期升温，港股科技板块有望迎来内外资共振

Group 1 - The core point of the articles highlights the significant decline in U.S. non-farm payroll data for July, which fell to 73,000 jobs, far below the expected 104,000, raising concerns about a potential economic recession [1][2] - The labor market is showing signs of weakening, with government sector employment decreasing, while healthcare and social assistance sectors are providing some support [1] - The market is reacting to the weak employment data by increasing expectations for Federal Reserve interest rate cuts, with Goldman Sachs predicting three consecutive 25 basis point cuts starting in September [2] Group 2 - The expectation of interest rate cuts is likely to benefit the Hong Kong stock market, particularly the technology sector, which is anticipated to see a significant influx of both domestic and foreign capital [2] - The Hang Seng Technology Index is currently viewed as undervalued and is sensitive to changes in U.S.-China interest rate differentials, making it poised to benefit from a more accommodative overseas liquidity environment [2] - Investors without a Hong Kong Stock Connect account may consider using the Hang Seng Technology Index ETF (513180) to gain exposure to core Chinese AI assets [2]