美联储降息或有利于港股突破前高？港股通科技30ETF(520980)一度涨2%

Core Viewpoint - The recent interest rate cut by the Federal Reserve has positively impacted the Hong Kong stock market, particularly the technology sector, leading to increased trading volumes and net inflows into technology ETFs. Group 1: Market Performance - The Hong Kong Stock Connect Technology 30 ETF (520980) saw a peak increase of 2% before settling at a 0.4% rise, with a trading volume of 800 million HKD, indicating strong buying interest [1] - The Hang Seng Technology ETF (513260) recorded a slight increase of 0.06% with a trading volume exceeding 1.1 billion HKD, accumulating over 58 million HKD in net inflows over the past 10 days [3] - The net inflow into Alibaba reached 27.1 billion HKD, making it the top net buyer among southbound funds in the past week [8] Group 2: Federal Reserve Actions - The Federal Reserve lowered the federal funds rate target range by 25 basis points to 4.00%-4.25%, marking its first rate cut since December 2024 [5] - Market expectations suggest further rate cuts of 25 basis points in October and December, with a clearer interest rate path anticipated after the appointment of the new Fed chair [6] Group 3: Investment Outlook - Analysts from Guolian Minsheng Securities noted a historical correlation between low U.S. interest rates and the Hang Seng Index breaking new highs, suggesting potential for further gains in the Hong Kong market [8] - According to招商证券, the current rate cut is seen as the beginning of a trend that could lead to a favorable liquidity environment for both A-shares and Hong Kong stocks, with historical data indicating a high probability of market gains following such cuts [9] Group 4: Factors Driving Technology Sector - The technology sector is expected to benefit from sustained liquidity, with the Fed's preventive rate cut providing marginal support to the Hang Seng Technology Index [11] - Traditional business segments of internet platform companies are showing signs of bottoming out, with recent data indicating improvements in the sector [12] - The rapid advancement of AI is reshaping growth logic for technology companies, with significant potential for growth in both general AI applications and niche markets [13]