内外资金共加持，港股流动性迎改善

Group 1 - The Hong Kong stock market is experiencing dual support from both international and domestic liquidity [1] - The Hang Seng Index shows a significant negative correlation with the US dollar index, indicating that a weaker dollar leads to increased international capital inflow into Hong Kong stocks [1] - The market anticipates a potential interest rate cut in September, with expectations of two more cuts by the Federal Reserve by 2025, which historically has led to positive performance in the Hong Kong stock market [1] Group 2 - Southbound capital has become a stabilizing force in the Hong Kong stock market, with a cumulative net inflow exceeding 1 trillion Hong Kong dollars since the beginning of the year [1] - Key sectors attracting net inflows include commerce and retail (including e-commerce), telecommunications, electronics, media, and computer technology, driven by domestic policy support for technological innovation and a global recovery in the AI sector [1] - The combined efforts of domestic and international capital are providing solid liquidity support for the technology sector in the Hong Kong stock market [1]