Zhong Guo Zheng Quan Bao·2025-10-03 09:38Market Overview - On October 3, Hong Kong's three major stock indices collectively adjusted, with the Hang Seng Index down 0.54% to 27,140.92 points, the Hang Seng China Enterprises Index down 0.68% to 9,658.34 points, and the Hang Seng Technology Index down 0.90% to 6,622.85 points [3][8] - Most of the 12 Hang Seng industry sectors declined, while the utilities and industrial sectors rose against the trend [5] Individual Stocks Performance - Semiconductor stocks like SMIC and Hua Hong Semiconductor reached historical highs, with SMIC closing up over 1% at 90 HKD per share, hitting a peak of 91.35 HKD [7] - Alibaba-W also continued its upward trend, rising 1.09% and reaching a four-year high of 186.2 HKD per share [7] - Shanghai Electric surged over 14%, touching 5.04 HKD per share, marking a 10-year high [6] Institutional Outlook - Institutions maintain a positive outlook for the Hong Kong stock market in October, citing three main reasons: 1. Recent high-frequency economic data indicates strong resilience in the domestic economy, with industrial profits in August rebounding by 20.4% year-on-year [8] 2. Continuous net inflows of southbound funds into the Hong Kong market, exceeding 1 trillion HKD since the beginning of 2025, are seen as a significant source of incremental capital [8] 3. The initiation of a new interest rate cut cycle by the Federal Reserve is expected to improve market liquidity, historically benefiting the Hong Kong stock market [8] - The "October effect" is anticipated, with institutions suggesting a focus on undervalued stocks represented by the Hang Seng Technology Index for potential rebound opportunities [8]