降息预期升温，港股科技修复行情可期

Group 1 - The Federal Reserve's Beige Book report indicates that economic activity in most regions of the U.S. has shown "little or no change" recently, leading to rising market expectations for interest rate cuts [1] - The easing monetary policy environment is expected to improve market liquidity, potentially injecting new capital into the Hong Kong stock market [1] - The Hong Kong stock market features numerous leading companies in sectors such as internet, pharmaceuticals, and new consumption, which are highly technological and closely linked to global technological advancements [1] Group 2 - Recent breakthroughs in AI technology, chips, and semiconductors are providing significant growth opportunities for related companies in the Hong Kong stock market [1] - Despite benefiting from signals of interest rate cuts from the Federal Reserve, the Hong Kong stock market has experienced significant volatility, particularly in the technology sector [1] - The Hong Kong Stock Connect Technology ETF (159101) saw a decline of over 1% during the day, with companies like Horizon Robotics, SMIC, and Innovent Biologics leading the losses as various funds entered the market [1] Group 3 - According to Zhongtai Securities, capital in the Hong Kong stock market is shifting from traditional sectors like new energy vehicles and consumption to undervalued and recovering technology industries [1] - Although short-term market volatility is considerable, the long-term enthusiasm for the technology sector in the Hong Kong stock market remains strong [1]