港股四季度有望创年内新高，重点关注科技互联网板块

Group 1 - The core viewpoint is that Hong Kong stocks have regained upward momentum since the end of August, with technology sectors showing particularly high value for money, and the potential for new highs in the fourth quarter due to favorable trends in the industry and foreign capital inflow [1][2] - The AI narrative is benefiting Hong Kong's internet giants, with significant upgrades announced by Alibaba for its AI infrastructure and a partnership with NVIDIA in the Physical AI field, indicating a strong potential for growth in AI applications [1] - Recent policies from the Ministry of Transport and other departments are expected to accelerate the commercialization of AI applications in smart transportation and logistics, further enhancing the growth prospects for the technology sector [1] Group 2 - The return of foreign capital to Hong Kong stocks is anticipated to exceed expectations, especially following the Federal Reserve's decision to lower interest rates, which has already shown signs of improving foreign investment since May [2] - The Southbound capital flow has exceeded 1 trillion yuan this year, with expectations for continued inflows into Hong Kong's technology and consumer sectors, which are seen as scarce compared to A-shares and more aligned with current industry trends [2] - The proactive allocation by public funds towards internet sectors related to AI trends is expected to further drive the market upward in the fourth quarter [2]