2 1 Shi Ji Jing Ji Bao Dao·2025-10-02 04:29Market Performance - The Asia-Pacific markets experienced a significant surge, with the South Korean index surpassing 3% and breaking the 3500-point mark for the first time in history [1] - The Hang Seng Index and Hang Seng Tech Index both opened high and closed up 1.45% and 2.66% respectively, with the Hang Seng Index reaching a four-year high [1] Semiconductor Sector - The semiconductor sector continued its upward trend, with companies like SMIC rising over 9% and other firms such as Hua Hong Semiconductor and Shanghai Fudan also seeing gains [2] - A price surge in memory chips is underway, driven by inventory adjustments and capacity shifts among major manufacturers, leading to a structural tightness in the terminal storage market [2] Precious Metals - The Hong Kong Nonferrous Metals Index rose by 4.72%, with notable increases in companies like China Silver Group (up 32.08%) and Tianqi Lithium (up 13%) [2] - International precious metal prices have been on the rise, with spot gold reaching $3895 and silver surpassing $47, marking the highest levels since May 2011 [2] Internet Technology Sector - Several popular stocks in the internet technology sector saw strong performance, with Kuaishou rising 6.65%, Baidu up 4.5%, and Alibaba increasing by 3.95% [3] - Morgan Stanley raised Alibaba's target price significantly to HKD 240, citing growth in cloud computing and e-commerce as key drivers for higher valuation [3] AI and Tech Investment - The AI-driven technology cycle is attracting incremental capital inflows, with a focus on the fundamental strengths of scarce Hong Kong tech assets [3] - Continued optimism in AI-related hardware and investment opportunities in the domestic and overseas tech chains is noted, with recommendations for sectors such as internet, electronic semiconductors, innovative pharmaceuticals, robotics, and media [3]