大涨，突破27000点

Market Overview - On the first trading day of the fourth quarter, Hong Kong stocks opened high and continued to rise, with the Hang Seng Index up by 1.61% to close at 28,287.12 points, the Hang Seng Tech Index up by 3.36% to 6,682.86 points, and the Hang Seng China Enterprises Index up by 1.77% [2][5] - Southbound funds saw a net inflow of 15.5 billion HKD, with total market turnover reaching 222.5 billion HKD [2] Technology Sector Performance - Major tech stocks performed strongly, with Kuaishou rising by 8.57%, Alibaba and Tencent seeing transaction volumes of approximately 17.6 billion and 11.6 billion HKD, respectively, and their stock prices increasing by 3.45% and 2.04% [5][6] - The valuation of Hong Kong's internet giants is rapidly converging with their overseas counterparts, with Tencent and Alibaba's valuations aligning closely with Meta and Google [5] Semiconductor Sector Highlights - Semiconductor stocks experienced significant gains, with SMIC rising over 12% and achieving a transaction volume of 5.8 billion HKD [8][9] - The launch of OpenAI's video generation model Sora 2 has spurred demand for computing chips, indicating a potential breakthrough in the video generation field [8] Gold Sector Insights - Gold stocks were boosted by rising gold prices, with international gold prices reaching approximately 3,922 USD per ounce [10] - Notable gains were seen in gold-related stocks, with China Silver Group rising over 30%, and Tongguan Gold and Zijin Mining increasing by 15.13% and 14.01%, respectively [10][11] IPO and Index Inclusion - Zijin Mining International has been rapidly included in the Hang Seng Composite Index, effective from October 16, 2025, following a successful IPO that raised approximately 24.98 billion HKD [13] - The IPO was highly oversubscribed, with over 190 times subscription and frozen funds exceeding 480 billion HKD [13]