Ge Long Hui·2025-09-26 09:01Market Overview - The Hong Kong stock market indices collectively declined, with the Hang Seng Technology Index falling by 2.89% to 6195 points, the Hang Seng Index down by 1.35% near the 26000 mark, and the National Enterprises Index decreasing by 1.49% to just above 9300 points [1][2]. Sector Performance - Technology stocks experienced significant declines, with Xiaomi dropping over 8%, and JD, Kuaishou, and Alibaba each falling more than 3% [2][3]. - The robotics sector also saw a downturn, with Horizon Robotics falling over 8% [9]. - Biopharmaceutical stocks dropped collectively due to the announcement of a 100% tariff on imported pharmaceutical products by the U.S. starting October 1, leading to notable declines in innovative drug stocks [12]. - Semiconductor stocks faced downward pressure, with major players like SMIC dropping 5% amid U.S. plans to restrict overseas chip imports [11]. Notable Stock Movements - Heavy machinery stocks showed strong performance, with Boleton rising by 20.2% following a strategic cooperation agreement with Mingyang Mining [5][6]. - Wind power stocks continued their upward trend, with companies like Goldwind Technology increasing by over 4% [8]. - Nuclear power stocks also rose, with China Nuclear International gaining over 8% [7]. Foreign Investment - Southbound funds recorded a net inflow of HKD 10.54 billion, with the Shanghai-Hong Kong Stock Connect contributing HKD 7.366 billion and the Shenzhen-Hong Kong Stock Connect adding HKD 3.174 billion [12]. Future Outlook - Analysts suggest that potential interest rate cuts by the Federal Reserve could positively impact the Hong Kong stock market in the short term, with foreign capital showing interest in Chinese assets. The mid-term growth will depend on the recovery of corporate fundamentals, with attractive valuations being a key factor for international capital [14].