Group 1 - The Hong Kong stock market opened lower on August 26, with the Hang Seng Index down 0.45% and the Hang Seng Tech Index down 0.76% [1] - Technology stocks experienced widespread declines, while gold and non-ferrous metal sectors continued to rise [1] - The largest ETF tracking the Hang Seng Tech Index (513180) saw a slight decrease, with most holdings declining, including NIO, ASMPT, Huahong, Bilibili, Li Auto, SMIC, and JD.com [1] Group 2 - The expectation of a rate cut by the Federal Reserve in September has significantly increased, which may lead to improved global liquidity benefiting the Hong Kong market [2] - The Hang Seng Tech 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 loose overseas liquidity environment [2] - The Hang Seng Tech sector has underperformed compared to the A-share tech sector, but with improved liquidity narratives, it may experience a strong upward momentum and a potential "catch-up" rally [2]
机构：外资或流入中国具备全球竞争优势的核心资产
Mei Ri Jing Ji Xin Wen·2025-08-26 02:38