黄金股，拉升

Market Overview - The Hang Seng Index (HSI) closed at 26,159.12 points, down 0.70%, while the Tech Index fell 1.45% to 6,767.06 points, and the National Enterprises Index decreased by 0.86% to 9,290.34 points [2] - Southbound capital saw a net outflow exceeding 4.1 billion HKD [2] Interest Rates - Recent trends indicate an upward movement in Hong Kong's interbank offered rates, with overnight Hibor and 3-month Hibor rates rising [4] Gold Sector - International gold prices reached new highs, trading above 3,800 USD per ounce, leading to a surge in gold stocks [5] - Notable gains in gold stocks included Datang Gold, which rose by 28.12%, and other companies like Tongguan Gold and Shandong Gold also saw increases [6][7] Banking Sector - Domestic banks such as Chongqing Rural Commercial Bank and Zhengzhou Bank experienced increases of 2.94% and 0.78%, respectively, while local banks like Dah Sing Bank and HSBC also saw gains [8][9] Semiconductor Sector - The semiconductor sector initially faced significant declines but recovered slightly towards the end of the trading day, with ZTE Corporation dropping 5.05% [10][11] Technology Sector - Major tech stocks had mixed performances, with NetEase rising by 1.37%, while Alibaba and Kuaishou saw minor increases [12][13] Automotive Sector - The automotive sector continued its downward trend, with NIO dropping nearly 6% and BYD shares falling over 3% [14][15] New Listings - Different Group, a high-end parenting brand, debuted on the Hong Kong Stock Exchange, closing up nearly 44% with a share price exceeding 100 HKD [16] Investment Strategy - According to招商证券, the market may experience increased volatility following the Federal Reserve's interest rate cuts, but the long-term upward trend remains intact. The focus should be on technology and non-ferrous metals sectors [16][17] - The investment strategy suggests a combination of aggressive and defensive approaches, emphasizing technology, non-ferrous metals, and insurance sectors [17][18]