美联储9月降息预期升温，互联网科技板块大涨

Group 1 - Federal Reserve Chairman Powell emphasized that despite ongoing inflation risks, the weakness in the job market is becoming a key variable in policy considerations, opening the possibility for interest rate cuts in September [1] - The market reacted positively to the Fed's rate cut expectations, with a rapid increase in anticipation for a September rate cut [1] - The expected rate cuts by the Federal Reserve are seen as a direct benefit to the Hong Kong internet sector, as the Hong Kong market is highly sensitive to global capital flow changes [1] Group 2 - Under a loose monetary policy environment, the marginal improvement in market liquidity is expected to inject incremental funds into the Hong Kong market [1] - The internet technology sector performed strongly, with the Hang Seng Internet ETF (513330) and Hang Seng Technology Index ETF (513180) opening robustly, rising over 3% during the day [1] - Companies such as NIO, GDS Holdings, Baidu, Alibaba, and Kingsoft Cloud showed active performance in response to the Fed's rate cut signals [1] Group 3 - CITIC Securities predicts that the Federal Reserve will implement three consecutive rate cuts within the year [1] - In this context, sectors sensitive to liquidity in the Hong Kong market, such as technology and pharmaceuticals, are expected to benefit from the market dividends brought by the Fed's rate cut expectations [1] - The continuously popular Hang Seng Pharmaceutical ETF (159892) is also anticipated to benefit from these developments [1]