Mei Ri Jing Ji Xin Wen·2025-09-18 01:57Group 1 - The Federal Reserve's decision to lower the benchmark interest rate by 25 basis points aligns with expectations, with the dot plot indicating potential for two more rate cuts this year [1] - The Nasdaq China Golden Dragon Index surged by 2.85%, with Baidu Group leading the gains at 11.34%, followed by Alibaba, Li Auto, and NIO [1] - The Hang Seng Tech Index has successfully broken through previous resistance levels, reaching 6300 points, marking a four-year high [1] Group 2 - Foreign capital continues to flow into Chinese assets amid the macro backdrop of the Federal Reserve's rate cuts, with foreign investment in the Hong Kong market recovering slightly to 66%, compared to 79% in 2022 [1] - AI breakthroughs are becoming a significant driving force, with major tech stocks shifting focus back to AI narratives, exemplified by Baidu's recent large-scale AI server orders [1] - Chinese tech giants are significantly increasing their capital expenditures in the AI sector, with total spending projected to reach $32 billion by 2025 for companies like Alibaba, Tencent, Baidu, and JD.com [1] Group 3 - The investment trend in Hong Kong stocks is focusing on core assets characterized by distinct era features, with significant allocations towards software and services, as well as technology hardware sectors [2] - AI model technology iterations, such as those from DeepSeek, are acting as major catalysts benefiting leading tech companies [2] Group 4 - The Hong Kong Stock Connect Technology ETF (159101) covers the entire technology industry chain, while the Hang Seng Internet ETF (513330) focuses on leading internet companies [3]