长假期间港股表现平稳，A股节后有望“开门红”

Group 1 - The Hong Kong stock market experienced a volatile performance during the long holiday, with the Hang Seng Index rising by 1.61% on October 2, followed by three consecutive days of decline, resulting in a cumulative drop of 0.1% for October so far [2] - The Hang Seng Technology Index performed slightly better, with a cumulative increase of 0.75% for October [2] - The AH share premium reached 117.14, marking the lowest level since January 2019 [2] Group 2 - Certain sectors in the Hong Kong market, such as e-commerce, semiconductors, and non-ferrous metals, showed strong performance during the holiday, with notable gains from companies like Youzan (over 38% increase) and SMIC (over 10% increase) [2] - The gold sector benefited from rising international gold prices, with companies like Chifeng Jilong Gold seeing a significant increase of over 23% in October, creating a premium of 16.3% compared to A-shares [2] Group 3 - Analysts from Guotai Junan Securities predict that the Hong Kong stock market may outperform the first quarter of this year, driven by continued inflow of incremental funds and structural advantages of Hong Kong assets [3] - The expectation of a 25 basis point rate cut by the Federal Reserve in October could lead to a favorable liquidity environment, potentially attracting foreign capital back to the Hong Kong market [3] Group 4 - The A-share market is expected to have a high probability of a "opening red" after the holiday, with historical data showing an average increase of 0.48% on the first trading day of October since 2000 [4] - Analysts suggest that the A-share market typically exhibits a "post-holiday opening red" characteristic, especially during bull markets [4] Group 5 - A survey indicated that 70.19% of private equity firms are optimistic about the post-holiday market, with 59.62% favoring investment in technology growth sectors such as AI, semiconductors, and smart driving [5] Group 6 - Investment firms believe that the weakened trading sentiment in the A-share market before the holiday is likely to recover, supported by a stable domestic macroeconomic environment and positive performance in the Hong Kong market [6] - Developments in AI and technology during the holiday, such as collaborations between OpenAI and AMD, may act as catalysts for related sectors in the A-share market [6]