Mei Ri Jing Ji Xin Wen·2025-09-18 01:40Group 1 - The Federal Reserve announced a reduction in the federal funds rate target range from 4.25%-4.50% to 4.00%-4.25%, marking the first rate cut since 2025 [1] - Following the announcement, U.S. stock markets reacted sharply, with the Dow Jones Industrial Average rising by 0.54%, while the Nasdaq and S&P 500 indices fell by 0.33% and 0.1% respectively [1] - Major U.S. tech stocks experienced declines, with Broadcom dropping nearly 4%, Nvidia over 2%, and Amazon and Oracle each falling more than 1% [1] Group 2 - The rate cut by the Federal Reserve is expected to lead to a global reallocation of funds, potentially benefiting Chinese assets amid a backdrop of global monetary system restructuring [2] - The combination of U.S. dollar depreciation and a reversal of innovative narratives may drive the current market trends, with Chinese assets likely to gain from the dual benefits of accelerated capital repatriation and global fund rebalancing [2] - In the context of anticipated RMB appreciation and reinforced expectations of Fed rate cuts, there is optimism for a "catch-up" rally in Hong Kong stocks, particularly in the tech and internet sectors focusing on AI core assets [2] Group 3 - Relevant ETFs in the Hong Kong stock market include the Hong Kong Stock Connect Technology ETF (159101), which covers the entire technology industry chain, and the Hang Seng Internet ETF (513330), which focuses on leading internet companies [3]