Mei Ri Jing Ji Xin Wen·2025-08-06 02:51Group 1 - The Hong Kong stock market opened lower on August 6, with technology stocks generally declining while innovative drug concepts opened higher. Chip stocks saw multiple gains, and the paper industry performed actively [1] - Meituan announced a support plan for small and medium-sized merchants starting August 5, aiming to provide financial assistance to over 100,000 restaurants by the end of the year, with individual support up to 50,000 yuan [1] - Citic Securities noted that competition in the domestic food delivery and instant retail sectors has intensified since Q2 2025, leading to increased user penetration but a significant decline in profitability due to substantial subsidies from various platforms [1] Group 2 - Recent expectations for a Federal Reserve interest rate cut have increased significantly, with over 90% probability for a 25 basis point cut in the September meeting, which is expected to benefit the Hong Kong stock market, particularly the technology sector [2] - The Hang Seng Technology Index is currently in a historically undervalued range and is highly sensitive to changes in the US-China interest rate differential, making it likely to benefit from a loosening of overseas liquidity [2] - The Hang Seng Technology Index is characterized by high elasticity and growth potential, suggesting that it will have stronger upward momentum once market conditions improve [2]